The Fred Report - Mid Week Update May 3, 2023

View a Printer Friendly version of this page, allowing you to print the page.

More of a correction would be confirmed by a move below 407, on SPY, very close to Tuesday’s low. Then a break of 400 would target 380 or so.  We note the McClellan Oscillator, at -95 or so, and stochastics plus other indicators, suggests more downside potential here.  Relax, as we should have a good buying opportunity over the next few weeks.

Sorry this page is available to subscribers only.
If you're not a subscriber why not
join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.




Who is Fred Meissner, CMT?
Listen here:

The FRED Report is not authorized, endorsed, or affiliated with the Federal Reserve of St Louis and its FRED Economic Data.