Sellers Will Take Another Shot!

March 9, 2023
Author: Peter Stolcers, Founder of OneOption

Powell's hawkish remarks changed the backdrop and this time sellers will have a running start at the major MAs. Watch SPY $393.

PRE-OPEN MARKET COMMENTS THURSDAY – The Fed is as hawkish as can be and the market is pricing in an 80% chance of a 50 basis point rate hike in two weeks. That changed this week and it is significant.

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