SPX500 SPY SPX update
So, we have lost the levels above 3700 for now and we have Temp. lost 3600 as well. the question is do we go lower than the 3575 range.
Given the overall outlook of the markets and considering the macroeconomics of it and the ramping up of the War machines. Along with the overall prior issues we had coming into the week knowing that we are most likely getting HOT reports coming in Wed-Fri. that would most likely push the markets down further.
I say there's a highly likely chance you see the SPX end up losing the support at 3575 and we most likely fall to at least somewhere below 3500. As stated in prior and current videos there's not much for support until we drop a bit lower aside from psychological values maybe.
If you're looking for a longer-term horizon these could be great places to begin accumulating many stocks that are already making new 52-week lows and even more so a good time for stocks that are actually making new 5-year lows.
Things like Walgreens, Verizon, 3m,
short term setups could look really good to on things like Unity, Zillow, Coinbase, Affirm, Shopify, Net, Teledoc, Zoom, and many more are all on sale for great deals. BUT that's not to say that they can't go MUCH lower still. So, you really need to be aware that we have no BOTTOM yet and or reason to think so given all that's going on globally as well as in the U.S.
Given the overall outlook of the markets and considering the macroeconomics of it and the ramping up of the War machines. Along with the overall prior issues we had coming into the week knowing that we are most likely getting HOT reports coming in Wed-Fri. that would most likely push the markets down further.
I say there's a highly likely chance you see the SPX end up losing the support at 3575 and we most likely fall to at least somewhere below 3500. As stated in prior and current videos there's not much for support until we drop a bit lower aside from psychological values maybe.
If you're looking for a longer-term horizon these could be great places to begin accumulating many stocks that are already making new 52-week lows and even more so a good time for stocks that are actually making new 5-year lows.
Things like Walgreens, Verizon, 3m,
short term setups could look really good to on things like Unity, Zillow, Coinbase, Affirm, Shopify, Net, Teledoc, Zoom, and many more are all on sale for great deals. BUT that's not to say that they can't go MUCH lower still. So, you really need to be aware that we have no BOTTOM yet and or reason to think so given all that's going on globally as well as in the U.S.
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