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Market Recap for Tuesday, May 2, 2023
S
SwingTradeBot about 1 year ago
What are your thoughts on 'today's (2023-05-02) market action?
T
TraderMike about 1 year ago
This is the 4th day in a row that all the major indices have been in Bollinger Band Squeezes. So the market is a bit of a coiled spring just in time for the Fed decision tomorrow.
Other things that stand out to me are that the small caps are still sucking wind and the % of stocks above their 50 DMAs is still weak at 35%. Not the healthiest of environments.
Other things that stand out to me are that the small caps are still sucking wind and the % of stocks above their 50 DMAs is still weak at 35%. Not the healthiest of environments.
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