Dow Jones by EOY
Based on fundamentals, economics, economic data, geopolitics, Fed QT. It'll be a zig zag on the way down. S&P completed a 50% retracement during this last 5-week rally. The trend seems to have reversed with a resumption in selling that started in Nov 2021, accelerated in Jan 2022, with a recovery in June to Mid August.
Trade closed: stop reached
You can't predict Fed market manipulation. Economic data pointed towards a sell off but markets rally in the face of some of the worst economic data since 2008, and some data far surpassing the worst of 2008.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.