The Day Ahead: PM Edition 2023-02-16
The equity markets finally break on the Bullard comments late in the day
S&P 500
The morning plan worked out well enough with an advance into the afternoon. At that point, was thinking that it looked like a five wave advance from the morning low and thought a modest retrace is reasonable prior to advancing late in the day. This is where the plan went wrong as the market started to grind lower cutting through supports and afte…
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