We have clear signs on the Weekly SPY with three things, cross of the 200 and 50 DEMA still showing strong downtrend, shooting star at peak of the bullrun, Stock RSI beginning reversal. We might continue to see a see-saw consolidation pattern for another week or so but lets be honest, we are about to hear some shit. Facts. Numbers. Real Data. Regarding what will be one of the worst single months in the history of our economy. Which also happens to be the best month ever for the markets….Something has to give... and I have a strong feeling that the economy will not magically rebound.
We have gotten sliced by a very deep, very damaging cut. The QE helps but is like stuffing a giant wound with a bunch of gauze, it can help keep you alive but is really just to control the bleeding….the pain is just beginning.
We have gotten sliced by a very deep, very damaging cut. The QE helps but is like stuffing a giant wound with a bunch of gauze, it can help keep you alive but is really just to control the bleeding….the pain is just beginning.
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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.