.SPX: The Excuse for FED?

MasterWU
06-19

Hello everyone! Today i want to share some technical analysis with you!

1.

MPW Mid-week Update Posted: $SPDR S&P 500 ETF Trust(SPY)$

(1) Powell, the scapegoat for a selloff--the market is looking for an excuse to crack, and here came poor Powell.

(2) as far as cycle is concerned, from 6/18, the market enters a very dangerous time zone.

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2.

The turning point at 2:30pm.

All the prior moves are designed to shake off loose hands, bulls and bears.

Normally, the first move (10+ points) after 2:00 pm FOMC would be a fake one: "Now listen, whoever comes to you with this Barzini meeting, he's the traitor. Don't forget that."

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Index at Record Highs, Stocks Lag🤔 How to Trade?
Many stocks have dropped after earnings. Even though their performance wasn’t great, the overall market is still hitting new highs. Should we take profits now? Seasonal trends suggest a 7%–10% pullback in late summer, especially after strong performance from May to July. How would you hedge your portfolio — or would you consider buying into defensive sectors? Would you exit and avoid summer dip?
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