Day 2 of Powell Testifying in DC……..by Manny D Cabrera

Today’s pre-market forecast and mid-week market review. Market testing anticipated resistance area.

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Manny D Cabrera

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+ posts

• The rally is facing a key resistance area today. Will it hold?
• Market trying to recover from new yearly low. Will the rally survive?
• The market going from bad to worse as the weight of inflation crushes any rallies.
• Inflation and disappointing job numbers add to the selling pressure.