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ValueWalk
ValueWalk
S&P 500 not only refused to rally, but crashed on high volume driven by banking sector (news and regional banks). Even some tech names ripe for a downswing joined – not only that 3,958 was broken, but so was the next 3,910 key support. Seeing the overnight action made me a bit cautious, but from a swing trading point of view, it had been worth waiting for the probably hot NFPs figure (regardless of the Challenger ones showing progressing weakness) – even if the initial reaction to a strong figure had gone in the opposite direction, I expect the sellers to come and battle it out today still. Q4…