Iceberg. Similar to the Titanic the US Economy has been struck by a foreign object, one that posses a serious threat.
Brief signs of optimism from the lowering of emergency boats (stimulus) have the doomed passengers (investors) feeling hopeful.
The common-folk will be hurt the hardest. The world will change forever.
293 is possible, but my short bias remains.
Brief signs of optimism from the lowering of emergency boats (stimulus) have the doomed passengers (investors) feeling hopeful.
The common-folk will be hurt the hardest. The world will change forever.
293 is possible, but my short bias remains.
Note
Also I drew out a few different scenarios. No one can be certain how this will shake out but I am expecting either another 5 waves lower or an impulse abc 220 is my target on the spy.
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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.