The markets want to see what msft has to say. I suspect a range till then, but the fact that indecisiveness is in the air leads me to believe that a further drop is in the works this week. Unless msft comes in beating earnings, a given really, and then plays into the whole "proceeding cautiously" mantra (another given).... followed by (another overplayed but well-hyped useless metric that will be milked by the financial press for all its worth----TSLA) on Thursday..... I think by this time next week, the S&P will be lower. Between then and now.... trade what you see. That said... 2023 is gonna be down year. 95% sure.
Uhm, yeah, like since last July. I guess you've been out of the picture for a while. (I think that's what @Overnight would say ) But if you notice, we're making a HIGHER LOW here on this chart as well.