Boxed & Mapped out SPY to give us an understanding of the environment behind these channels and the conditions they represent.
SPY currently riding the same channel where pandemic QE first began.
Looking to close that wedge out... stimulus soon
SPY currently riding the same channel where pandemic QE first began.
Looking to close that wedge out... stimulus soon
Note
Want to note what Michael Burry tweeted today:"Inflation peaked. But it is not the last peak of this cycle. We are likely to see CPI lower, possibly negative in 2H 2023, and the US in recession by any definition. Fed will cut and government will stimulate. And we will have another inflation spike. It's not hard."
..... stimmy soon :)
Happy new year!
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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.