SPY COVID Correlation - 119pt BOTTOM
I just noticed this (should have seen it earlier).
In the midst of a GLOBAL ECONOMIC COLLAPSE, the SPY fell a little over 119 points before bottoming. My interpretation of this move is that traders/investors suddenly realized the US/Global markets would continue to function - even in the midst of a global lockdown.
Now, fast-forward to 2022.
Hey, guess what. The range from the peak in early 2022 to the bottom in October 2022 was just a little over 119 pts.
Correlation or coincidence?
Can we try to equate this -119pt contraction to a global crisis event (like COVID) - where the entire globe moved into LOCKDOWN?... Um. NO.
Are we seeing global financial conditions tighten as central banks raise rates? You bet.
If this the end of the move? I'm not sure, but it would appear to be lacking any global crisis event - we could have already seen the low/bottom in October 2022.
I have a funny feeling the -119 price contraction will come into play in the near future.
Are you following my research yet?
In the midst of a GLOBAL ECONOMIC COLLAPSE, the SPY fell a little over 119 points before bottoming. My interpretation of this move is that traders/investors suddenly realized the US/Global markets would continue to function - even in the midst of a global lockdown.
Now, fast-forward to 2022.
Hey, guess what. The range from the peak in early 2022 to the bottom in October 2022 was just a little over 119 pts.
Correlation or coincidence?
Can we try to equate this -119pt contraction to a global crisis event (like COVID) - where the entire globe moved into LOCKDOWN?... Um. NO.
Are we seeing global financial conditions tighten as central banks raise rates? You bet.
If this the end of the move? I'm not sure, but it would appear to be lacking any global crisis event - we could have already seen the low/bottom in October 2022.
I have a funny feeling the -119 price contraction will come into play in the near future.
Are you following my research yet?
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