Evidence
- Bearish Weekly Divergence on S&P500.
- DXY breaks critical Resistance rallies towards 100%+ started.
- Institutions de-risk exposure to high-risk equities.
- FED QE Tighting.
- Bonds Yields rising.
Idea Valid between late February-June 2022 with 5600 held as resistance.
If break above 5600 and hold for 4 weeks, the idea is invalidated.
Target1 - 33% correction (most likely)
Target2 - 55% correction
Target3 - 60+ correction
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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.