We're
"officially" in a recession. Something that seemed obvious to the markets these past few months. Where do we go from here? The markets tried to sell off late this afternoon, but turned around on a surge of volume. It "feels" like the markets could head higher from here, but the daily charts show up days on lower volume with today's session leaving us with a hanging man candle. Check it out:
Q's Overhead resistance with the 20EMA, more of a doji here.
SPY 20EMA overhead resistance, hanging man-like candle here.
DIA settled above the 20EMA, more hanging man like on this candle.
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