Both $SPY & $RSP became first major indexes to decline to its rising 50-MA though bouncing off it in the final hour of the session Weakness remains loaming from release of previous FOMC mins as market breath remains lacklustre with MMTW remaining at its lowest % YTD, along with nett ngative new lows printed for the session.
Surprising to see many names remain resilient in Stalk list as they continue to build.
Thanks for reading.
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23/2/2023 Market Diary & Playbook
– $SPY $RSP 1st major indexes to decline to 50MA, $QQQ, $IWM closed +ve
-Weakness still loaming, breath remains lacklustre $MMTW lowest % YTD, nett -ve new lows printed for 2nd day in a row
-Surprise to see many WL names remain intact frm 21/2 pic.twitter.com/TdqS0XC107
— Jeff Sun, CFTe (@jeffsuntrading) February 23, 2023
