FOMC decision led the market to its session low, before recovery took place during the press conference. Pivot failure in some leaders but relative strength reflected in healthcare, (specifically biotech and pharma) and solar group.
Broad based momentum affirmed in Chinese securities as majority of its setup remains intact above their 10-DMA ($KWEB $RLX $TIGR $TME $GDS $BILI $PDD).
Thanks for reading.
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15/12/2022 market diary & playbook
– RS in $TAN, $IBB & $PPH grp
– $TAN solar group setting up via reclaiming 10 & 20MA from beaten down sessions
– broad based momentum affirmed in Chinese securities as setups remain intact above their 10MA $KWEB $RLX $TIGR $TME $QFIN $BILI $PDD pic.twitter.com/0RsqUd1QPY— Jeff Sun, CFTe (@jeffsuntrading) December 15, 2022
