Market Report May 02 2023

A minor range bar at resistance offered no confidence but also not entirely unexpected as it was the first trading day of the week as we read up to the Fed rate decision.

The Sectors were mixed and VIX increased slightly.

We may have little to do before the Fed rate decision and more importantly, the FOMC statement.
 
When there is nothing to do...do nothing!

Javid Shaik

Let's go do nothing!