Update on the markets - SPX

2 May 2023

All in the video - wanted to get it out quickly - good luck!

2 May 2023

Not

bears want this level held - 411.50 on spy. 18ma decides the bias - bullish or bearish going into fomc.

2 May 2023

Not

18ma reached, let's see the close

2 May 2023

Not

tlry and msos both positive today, watching the MJ stocks closely for a pop on news

3 May 2023

Not

overnight was a bounce back and the rsi on small/mid time frames are too low. I still expect something like this today - one more high on SPX/SPY at least. Banks may get the most lift on any rally....

3 May 2023

Not

if we do sell off with the announcement, there is structural support near 4115-4110 tradingview.com/x/IV2vBSop/. At this point I do think we'll go higher regardless of any sell off.

3 May 2023

Not

more chop, maybe this kind of ping pong

3 May 2023

Not

spy has a gap above, so something like this may occur. Best to wait for extreme low or high before taking a shot

3 May 2023

Not

pull down to make a divergence on the rsi still looks correct. I expect the market to sell with powell speaking, then recover and rally hard.