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SPY - DAY TRADE - Modern Times

AMEX:SPY   SPDR S&P 500 ETF TRUST
Modern Times

Modern Times the 1936 American comedy film written and directed by Charlie Chaplin in which his iconic Little Tramp character struggles to survive in the modern, industrialized world.
The industrialized world of Tramp seems to be a distant memory from a past marked by employees subjected to indignities and treated as pieces of a production line stripped of humanity. However, thanks to unions, workers of the industrial companies gained voiced. As the United Auto Workers (UAW) three-week strike at General Motors Co. is pressuring the company for their rights and better conditions. From the General Electric, the pressure came today by the announce of the freezing pension plane for current employees and offering them a Lump- sum buyouts to retirees who haven't yet begun to collect benefits, this strategy aims to cut the pension plan deficit by up to $8 billion and net debt by up to $6 billion. Both sides want to attend to the principle of stability, keeping the business functioning, and workers their jobs.

The numbers tell the story, they always do, and now they are showing the consequence of a reckless past and how the everyday workers already are being affected — after a week full of disappointing jobs data, showing louder signs of a deceleration of the economy, the impacts that the trade war that surpassing $455 billion (according to IMF).An economy with such bad results that is set to force the Fed to act and cut interest rates again, leaving us wondering if it's going to have room for further cuts if the recession arrives and with the current landscape the question is more a matter of time than possibility.

"I used to think my life was a tragedy, but now I realize it's a comedy." - Arthur fleck
The reason to bring this factory scenario to a SPY analysis, it's to set that the misfortunes lived by the Little Tramp and the American workers after the Great Depression and now, aren’t the object of a comedy as Chaplin movies in factory grounds, but a tragedy, ruled by an irresponsible government, that sinks itself in a Trade War without a plan, and in self-centered fallacies at the costs of the people, business and the future of the country.
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Look how it bumps along under the Gann fan line! Nice post tyvm.
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