$SPY & CRE Panic
Updated
Ignoring mainstream news and whatever and only using my data i'm seeing that CRE is experiencing unknown trouble. While SPY and other indices have been pumping possibly thanks to NVDA, CRE has been experiencing big trouble.
I think CRE trouble may spill over to the rest of the market as some kind of SVB/SIVB-like event sometime soon e.g June/July and will end at the start-mid August.
In my data below there's a big gap between SPY & CRE. When this gap first started forming, SPY did follow CRE data downwards but then got saved by... i dunno NVDA, the rest of the market... no idea. imgur.com/a/MZk6dfY
Point is the gap still exists and gaps are always fulfilled by being closed off one way or another.
"In a deep pub Clive British voice": I recon SPY goes down soon.
There's a chance we triple top on SPY before anything actually happens e.g we visit $523, then back up to $535, then after some consolidation finally break downwards to the $465's area. Actually hoping we this current double top resolves starting now and we do a quick visit to $465 before rebounding back upwards.
Thanks for attending this Ted talk.
I think CRE trouble may spill over to the rest of the market as some kind of SVB/SIVB-like event sometime soon e.g June/July and will end at the start-mid August.
In my data below there's a big gap between SPY & CRE. When this gap first started forming, SPY did follow CRE data downwards but then got saved by... i dunno NVDA, the rest of the market... no idea. imgur.com/a/MZk6dfY
Point is the gap still exists and gaps are always fulfilled by being closed off one way or another.
"In a deep pub Clive British voice": I recon SPY goes down soon.
There's a chance we triple top on SPY before anything actually happens e.g we visit $523, then back up to $535, then after some consolidation finally break downwards to the $465's area. Actually hoping we this current double top resolves starting now and we do a quick visit to $465 before rebounding back upwards.
Thanks for attending this Ted talk.
Note
The SPY vs CRE is getting a lot worse. Even my algo's printed a sell on the graph.imgur.com/7gKrZOz
Time to get my face ripped off by SPY and CRE's meltup some more.
Order cancelled
imgur.com/a/Bqszm3gBullish signal.
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