Technical Analysis

The equity markets begins to wilt once again



<p>The combination of tax loss selling and fear of Fed hikes is colliding today to weigh on equities.</p><p>The S&P 500 is now down 23 points, or 0.6%, to 3829 while the Nasdaq is down 1.2%.</p><p>Tesla was as high as $158 in the premarket on hopes for Elon Musk to leave Tesla but is now back to $147, breaking Friday's low. But the chart to watch right now is Apple, which has taken out the Oct/Nov double bottom.</p><blockquote class="twitter-tweet" data-partner="tweetdeck"><p dir="ltr" lang="en">TSLA shareholders when they see another tweet <a href="https://t.co/W1p6xAKrYO">pic.twitter.com/W1p6xAKrYO</a></p>— ForexLive (@ForexLive) <a href="https://twitter.com/ForexLive/status/1604860685862961152?ref_src=twsrc%5Etfw">December 19, 2022</a></blockquote>

This article was written by Adam Button at www.forexlive.com.

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