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ericflushboys

M 20P 01/20/2023

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Macy's Inc (NYSE:M)  
ericflushboys Uppdaterad   
NYSE:M   Macy's Inc
Trend Analysis
1
0
trendanalysis
1. Yearly bar red, normally the next year going to make a new low
2. recession not going to benefit macy's
Risk:
It MAY pops to 21.75 level to reclaim the resistance if the market bounce recently
Important CPI and unemployee data will be released before next thursday

Kommentera:
market sentiment is bullish after unemployee release(salary increase slowly), spx pops to 3900 and it is going to test 3900-4000 level in next week.
Next thursday is cpi day, looks like cpi is under control. However, the Q1 earnings is coming, which is a big bearish earning season. Wait for short again
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