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Wednesday, November 2, 2022
Do the bulls have anything left in the tank for their charge?
Mid-week market update: It's always difficult to make tactical trading calls on FOMC meeting day. The S&P 500 approached the latest meeting with the 5-day RSI near overbought territory. The experience in 2022 of overbought or near overbought conditions on meeting days (March and July, n=2) has seen stock prices continue to advance. Can it continue? Do the bulls have anything left in the tank for their charge?
Labels:
sentiment analysis,
Technical analysis
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