Midday Update: 2022-12-08
Did the FTC action against Microsoft set the corrective high?
SPX is being held down by Gann related resistance at 3972 but has yet to crack the 20 EMA and thus might be stuck here till the PPI number tomorrow morning. Under the moving averages and 3941 should confirm a wave five down which should lead to a new swing low around 3911 at a minimum.
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