Market Report Mar 29 2023
All three major indices ended Tuesday on a negative note but has found some strength overnight. However, price action is trapped in a period of balance.
The sectors were mixed with megacap weighing down on the market for the second day in a row.
VIX is back below 20.
As we approach the halfway point of the week, the last two days have shown a lack of buying conviction and low volume. The market might need a catalyst to help continue with the recent incline.
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