Market Recap for Tuesday, May 2, 2023

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SwingTradeBot about 1 year ago

What are your thoughts on 'today's (2023-05-02) market action?

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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.

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SwingScalp about 1 year ago

Plenty of signals available for bears from the 52 Week Closing Lows and Expansion Breakdown scans.

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