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Usrecession

Gold Rush Knocks Dow Jones Industrial Average Off Its FeetGold as a value asset continues to shine brightly, having reached a new all-time high near $2,600 on Monday, September 16, marking the 30th all-time high for gold prices this year, 2024. It is also noteworthy that the Dow Jones Industrial Average (DJI) to gold (XAUUSD) ratio is gravitating to ever lower values, while the time-tested indicator of a U.S. recession, based on the US labor market behavior signaling that one is imminent. Thanks to @chinmaysk1 and its full of worth open source script Recession And Bull Run Warning, that I truly believe is one of the best over many.
TVC:DJI
by Pandorra
The Start of the US Recession is NearCurrent economic, fundamental, and now technical data suggest that we are potentially nearing the start of the US Recession. Here are the technical factors that suggests the recession may have already begun⤵️ On the 1W chart, Price has rejected the $4.8k key resistance level on the 1D chart, the price is overbought and the RSI is indicating a bearish divergence And lastly, our momentum indicators have all turned bearish today, indicating that the downtrend has officially started, from a technical POV.
SP:SPXShort
by AlgoAlpha
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