Looking at $200 SPY before resistance.
The supertrend is now the watch. $200 SPY
The Federal Reserve directly monetized $108 BILLION in the stock market and really did not stop this trendline wedge.
If they want to have a stock market in 4 months they need to print BIGGER. They have to break this trendline with a Tranche in the TRILLIONS. Shorts must be punished.
Either that or a collapsed economy for potentially the next decade after COVID runs its course over the next 16 months.
The Federal Reserve directly monetized $108 BILLION in the stock market and really did not stop this trendline wedge.
If they want to have a stock market in 4 months they need to print BIGGER. They have to break this trendline with a Tranche in the TRILLIONS. Shorts must be punished.
Either that or a collapsed economy for potentially the next decade after COVID runs its course over the next 16 months.
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.