Markets have been bleeding since the beginning of 2022... According to the US Government and Federal Reserve we are currently not in recession. A strong labour market continues to hold up the economy, but will it continue or are we just delaying the recession expectation?
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RSI Quite overbought, we may see a run through the defining moment zone and come back down to the buy zone. If so, we may get a bounce that can take us back to retest the defining moment zone, or get rejected and fall further.