Yesterday's sharp selloff saw TOTAL market capitalization drop from $2.3T to $2.13T. Today's FOMC meeting could exacerbate downside pressure.
Support Levels:
Immediate support: Bottom of the current range at around $2.054T.
Further support: $1.80T - $1.95T (daily 200 MA) if $2.054T is breached.
Market Outlook:
May historically experiences trading challenges, often characterized by choppiness.
๐๐ก Stay cautious and monitor market developments closely! #MarketUpdate #TradingInsights ๐๐
Support Levels:
Immediate support: Bottom of the current range at around $2.054T.
Further support: $1.80T - $1.95T (daily 200 MA) if $2.054T is breached.
Market Outlook:
May historically experiences trading challenges, often characterized by choppiness.
๐๐ก Stay cautious and monitor market developments closely! #MarketUpdate #TradingInsights ๐๐