The current level is the interday regression channel c/l, make your mind up situation where the lower timeframes re-cycle. Daily equivalent is the 7 ema. Next resistance circa 1608, need to penetrate that to remain bullish. - - Just my read fwiw. Think i'll take the rest of the day off - Have a good one
Lower GDP is good for the economy. It's not good for corporate earnings though. Nor will higher rates since a lot of the earnings have been due to financial engineering based on lower rates.