SPX - A revisit to the 20DMA is likely,
$.SPX(.SPX)$ - A revisit to the 20DMA is likely, especially given the typical market reaction following Powell's speeches. The reactions to $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ $Tesla Motors(TSLA)$ are mixed.
The $6029 level (mentioned yesterday as a key support) acted as a temporary bounce, it continues as the key level to confirm a breakdown sending price to fill the gap.
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$Meta Platforms, Inc.(META)$ : Ahead of earnings, the price has broken above the daily Bollinger Band, and the RSI is signaling overbought conditions (above 70).
Sooner or later price returns to the Bollinger range.
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