The Market: Fear, Fed, and Factors at Play
October 29, 2023 Update
One more negative week in the markets. Let’s start with the equal weight SP500 (RSP 0.00%↑) that breaks below the consolidation area I have been watching for months. At the same time, price keeps distancing from all moving averages on high volume. All bad signs. See below:
Looking from a wider perspective the RSP 0.00%↑ has about a further 6% to lose from current levels to test the lows from Sept-Oct 2022
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