Since 1954, the S&P monthly 8 EMA has crossed below the 21 EMA eleven times, with the most recent occurrence in September 2022. 10 out of 11 EMA crosses have resulted in the S&P breaking or testing the 50 EMA . With today's monthly 50 EMA sitting around 3650 im really struggling to see the bullish setup going into the new year. Weekly RSIs also look over bought...
Picked up QQQ puts at 287 & 275 strike. Market is showing severe parallel to 2008 recession driven by lack of inflation capitulation and poor short term technical support. (see 2007 - 09 timeframes for historical reference)
