After a strong move on the FOMC yesterday, market bears clapped back today as we saw money leaving the market in unison. $XLF, $QQQ, and $XLV all hit new lows of the day simultaneously this morning, providing a valuable clue. SPY remains healthy on the weekly timeframe, but will it last?
Thursday, August 1, 2024 | Daily Market Video by The Chart Guys — Trading, Community, Daily Live Streams | After a strong move on the FOMC yesterday, market bears clapped back today as we saw money leaving the market in unison. $XLF, $QQQ, and $XLV all hit new lows of the day simultaneously this morning, providing a valuable clue. SPY remains healthy on the weekly timeframe, but will it last?
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