SPX500 will continue to see a lot of volatility until things become crystal clear.
, as it is going to determine what the Federal Reserve is likely to do going forward. After all, the Federal Reserve continues to tell the markets that they are going to remain very tight to fight inflation, but for some reason, the market will not listen to them. This is probably because the Federal Reserve has lost all credibility over the last years, as they have spoon-fed Wall Street.However, the biggest problem that the Federal Reserve will have is going to be inflation.
The market has got a little bit stretched, and it looks to me like the 4100 level underneath is going to be a short-term support level.the 50 Day EMAThe alternate scenario is that the jobs number is extraordinarily soft, which means that the Federal Reserve may not have to be as aggressive with tightening as they claim.
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