Midday Update: 2022-11-23
Now to see if there is a lower high on the FOMC minutes
Before looking at SPX, I want to draw attention to crude oil which has behaved in a picture-perfect manner falling away from 81.65 this morning and resting on support at 76.85.
In SPX, there was a continuation move up early to a minor new swing high and test of 4027 before a drop back to test initial support at 4007. Depending on the…
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