Further positivity as banking worries further eased following a congressional hearing on $SIVB bank failure. $SPY is now +ve for March, $QQQ is inching towards YTD high as tech heavyweight $MGK setup for 2nd rally leg ahead of Q1 window dressing.
Valuable takeway from this month. Hold cash during turmoil, but stay nimble and ready for action. Market technicals are always evolving, and the number of setups surfacing is a key indicator to watch.
Thanks for reading.
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30/3/2023 Market Diary
-Further positivity as banking worries further eased following congressional hearing on $SIVBQ failure
– $SPY +ve for March, $QQQ inching towards YTD high as tech heavyweight $MGK setup for 2nd rally leg ahead of Q1 window dressing
-Valuable takeway… pic.twitter.com/a9kUwxffQn
— Jeff Sun, CFTe (@jeffsuntrading) March 30, 2023
