Inflation vs Memes
Overall bearish:
Overbought, a high MACD and the ETF is going up higher and moving faster that 80% of the underline securities.
Inflation concerns with the Fed meetings on Wednesday and Thursday will likely move the market down.
Bullish:
Hype that SPY is over 400 and memes that it "will reach 420 by 4/20"
Overbought, a high MACD and the ETF is going up higher and moving faster that 80% of the underline securities.
Inflation concerns with the Fed meetings on Wednesday and Thursday will likely move the market down.
Bullish:
Hype that SPY is over 400 and memes that it "will reach 420 by 4/20"
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