My CNBC Market Breakdown: A Critical Moment for the S&P 500￼
Dear Profit Takeover reader,
I sent some notes to Jim Cramer yesterday for his special on CNBC…
Jim wanted to know my market analysis ahead of the Federal Reserve this week.
And I noted that the S&P 500 is at a pivotal point in recent history –
Here’s what I mean:
The S&P 500 broke out of its downward trend on January 23rd, 2023…
Image from CNBC.com
And what happens this week during the Fed will determine how the market is likely to move over the next several months –
We will see whether the market has broken out of this downward trend and is making a new one, or whether we will continue to see lower highs and lower lows as we have over the past year.
For more information, check out the entire segment from Jim Cramer here:
I will dig deeper into macro- and micro-level volatility info this week – and how S&P movement and volatility changes could affect your trades – during the Profit Takeover show tomorrow at 10:30 a.m. (ET) – so don’t miss it.
What happens this week will affect all options trades so I want you to hear exactly how to update your trading strategy.
Until next time,
January 31 2023
Leave a Reply