$SPY: Three timeframe analysis, One Chart Pattern, Sentiment
📢!Hey there!
#Tariffs negative news drives bearish sentiment. Is it just mass media noise? And Mr. Market will continue up?
WHY?
Let's have a look at the charts:
1. 📈We are in a bullish trend on a weekly and monthly basis, meaning long-term and mid-term, yet in a bearish on a daily one, a ka short-term
2. 🤓The bullish Flag pattern has formed. Yeah, I know; how do you qualify it? For this theoretical exercise only visually, but for anything more serious, Bukowski starts, or you may want to run your own tests.
3. 🍒And the cherry on top: Bearish sentiment is significantly higher than the historical average, standing at 42.9% (2/5/2025) compared to 31.0%. On my side, it means that we might be in for a heavy short squeeze for a couple of days.👋Just observations, not advice
For now, enjoy Super Bowl Sunday! 🏈
Source of the screenshot: AAII Investor Sentiment Survey, aaii.com/sentimant-survey
#Tariffs negative news drives bearish sentiment. Is it just mass media noise? And Mr. Market will continue up?
WHY?
Let's have a look at the charts:
1. 📈We are in a bullish trend on a weekly and monthly basis, meaning long-term and mid-term, yet in a bearish on a daily one, a ka short-term
2. 🤓The bullish Flag pattern has formed. Yeah, I know; how do you qualify it? For this theoretical exercise only visually, but for anything more serious, Bukowski starts, or you may want to run your own tests.
3. 🍒And the cherry on top: Bearish sentiment is significantly higher than the historical average, standing at 42.9% (2/5/2025) compared to 31.0%. On my side, it means that we might be in for a heavy short squeeze for a couple of days.👋Just observations, not advice
For now, enjoy Super Bowl Sunday! 🏈
Source of the screenshot: AAII Investor Sentiment Survey, aaii.com/sentimant-survey
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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.
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.