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Indecision Grips The S&P 500 Amid Rising Misery Index

Jan 28, 2022

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I final wrote concerning the and the Federal Reserve .

The high-wave candle forming on the next weekly chart of the SPX signifies indecision by traders.

It is formation, up to now this week, follows Wednesday’s FOMC and Chairman Powell’s …about which I wrote within the above-mentioned article.

As of Wednesday’s shut on this weekly candle, the Steadiness of Energy is barely in favor of the patrons.

Nevertheless, with little or no worth motion to the draw back, that steadiness can shift instantly.

It is one indicator value watching, particularly into Friday’s shut this week, and past.

S&P 500 Weekly Chart

With the Distress Index on the rise, we’re more likely to see excessive proceed in each instructions in all markets for the foreseeable future and into 2023, and past.

The Distress Index is at present at 10.94.

My submit entitled SPX: The Blowoff Section Has Begun describes the elements affecting these strikes and offers hyperlinks to a wide range of my articles for additional insights, in addition to worth targets and help/resistance ranges for the SPX…all value a learn.

You may learn concerning the Distress Index right here.

U.S Misery Index

U.S Distress Index

Supply: MiseryIndex.us

Jan 2022 Misery Index
Baker Quote

Baker Quote

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