Greetings fellow traders and welcome to your March 28th edition of Weekly Wisdom: Levels to Know and Moves to Look For!
Now let’s get to what we’re currently seeing in these volatile markets and what we have our focus on going forward.
Via EPFR, Haver Analytics, Deutsche Bank Asset Allocation: To no surprise, tech flows have dominated the strength in markets over the past year, but are perhaps starting to fluctuate to the downside slightly
$SPY daily chart has spent the holiday week digesting, holding momentum support but unable to break through 525 resistance ahead of the PCE number on Friday.
$SPY weekly chart is giving an inside week this week as the daily has spent the week digesting the post FOMC gains.
*As of 2:40pm ET March 28, 2024
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