No man’s land

25 ส.ค. 2022

Not convinced this is going higher or lower. Partial gap fill but could be forming a right shoulder. Would have liked to see higher volume to trust the rally into close today. Volume all week has been very low. Powell speaking tomorrow morning. Looking like 3 straight quarters of negative GDP. Inflation peaking is one thing. The fed needs inflation to come down. I don’t think market has priced in how big of a challenge that may be. Leaning bearish but mostly neutral.