SPY is going absolutely insane with the bull move since COVID low
- A huge rising wedge on 3M chart had a overthrow bull break, hopefully it doesnt do similar to what GOLDSILVER ratio did. Also had a massive MACRO rising wedge, with bull break overthrown and now has collapsed since
- Also a 3M RSI is at the possibility of double top at 75 and contination of bearish divergence
- This will be Key for bears to put a stop to and line up a few TA's for more folowthru if it were to happen
- Things to keep in mind is that we are having unprecedented printing of money so is the FED/GOVT more likely to allow inflation/hyperinflation or to let the stock market collapse? Inflation seems more likely given the political situation in the country. However huge spikes down may happen before FED has a reaction to it? Crazy times
- A huge rising wedge on 3M chart had a overthrow bull break, hopefully it doesnt do similar to what GOLDSILVER ratio did. Also had a massive MACRO rising wedge, with bull break overthrown and now has collapsed since
- Also a 3M RSI is at the possibility of double top at 75 and contination of bearish divergence
- This will be Key for bears to put a stop to and line up a few TA's for more folowthru if it were to happen
- Things to keep in mind is that we are having unprecedented printing of money so is the FED/GOVT more likely to allow inflation/hyperinflation or to let the stock market collapse? Inflation seems more likely given the political situation in the country. However huge spikes down may happen before FED has a reaction to it? Crazy times
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Stop loss in
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.