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S&P 500 Index
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Bear rally or New Bull run?

85
Is the correction over now that we have certainty of 7 rate hikes? We sure got a record bounce last week, I'd be inclined to short this bounce at the .382 fib retracement which corresponds to some prior levels. Nothing has really changed, There's still a war, Fed is removing liquidity, Inflation is bonkers, but who cares?! Where else are we gonna put our money? Multiples are so low now maybe it's time to use that dry powder!

I expect to see some higher lows before we ROCKET to the MOON BABY.
Note
We're still underneath that .382 fib level.
This is either the MOTHER OF ALL bear market rallies, or another bull run beginning.
Sacyourking
Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsTechnical IndicatorsSPDR S&P 500 ETF (SPY) Trend Analysis
Sacyourking

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.