Market analysis 09Sep2022- CRITICAL level!
SPY is at the critical level, closed at $400.38! But this crossing is supported by the volume. From the volume analysis, there are 2 key observations:
i) The sell off because of Powell's very hawkish speech is ending. Suggesting the market has finally priced it in. This is a very important point, and I will explain later.
ii) Yesterday Powell was giving hawkish speech again.
https://www.cnbc.com/2022/09/08/fed-chair-powell-vo...