The 0.618 Fib Level on recent price spike will fill top gaps down to $304.
The 0.618 Fib Level from February 2009 until Present (10 Years+) coincides with past resistance/future support levels from August 2016.
The lower 0.618 Fib Level would have SPY at $214 roughly.
Next week we should find out if we have a small correction.
It may take into January to see if we significantly lower.
I am watching the breakdown of the current price pattern in the white ascending wedge.
Once price breaks from here, I am watching to see if the pink channel fails.
Below pink channel, there is a big drop down to the blue 10 year line support.
News:
While 2Yr/10Yr is not inverted, it is headed back towards zero.
It took from August 1, 2029 to August 14, 2019 to go negative. We are at the same level now. Two weeks is not much.
www.cnbc.com/quotes/?symbol=10Y...
On CNBC Sri Kumar says the reason why unemployment is so low is because everyone needs two jobs because no one job will pay enough. 8mins into video.
www.youtube.com/watch?v=PJCETcFF...
Fed Repo (Repurchase) thru 12/12 is preventing natural market dynamics by funding the problem through "Not QE"
New York Fed Reserve below shows Repo Operations through 12/12/2019 are about $35 Billion DAILY
www.newyorkfed.org/m...-operational-details
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
The 0.618 Fib Level from February 2009 until Present (10 Years+) coincides with past resistance/future support levels from August 2016.
The lower 0.618 Fib Level would have SPY at $214 roughly.
Next week we should find out if we have a small correction.
It may take into January to see if we significantly lower.
I am watching the breakdown of the current price pattern in the white ascending wedge.
Once price breaks from here, I am watching to see if the pink channel fails.
Below pink channel, there is a big drop down to the blue 10 year line support.
News:
While 2Yr/10Yr is not inverted, it is headed back towards zero.
It took from August 1, 2029 to August 14, 2019 to go negative. We are at the same level now. Two weeks is not much.
www.cnbc.com/quotes/?symbol=10Y...
On CNBC Sri Kumar says the reason why unemployment is so low is because everyone needs two jobs because no one job will pay enough. 8mins into video.
www.youtube.com/watch?v=PJCETcFF...
Fed Repo (Repurchase) thru 12/12 is preventing natural market dynamics by funding the problem through "Not QE"
New York Fed Reserve below shows Repo Operations through 12/12/2019 are about $35 Billion DAILY
www.newyorkfed.org/m...-operational-details
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.