SPX SPY Bulls vulnerable at 279, bottom trendline of RW
The 4 hr charts shows a nice rising wedge giving bears a possible solid entry point if the bulls run out of steam and SPY fails to stay convincingly above 279. The bulls would be in bad shape if the Fed wasn't holding this up printing money at an "unlimited" bias.
Sad reality of the times to factor in just charts....
- 90% of the US money is not real, it's digital (numbers in a computer backed up with a promise of....)
- Bull haves the short term advantage in that US money printing is working.
- Printing money works until the market looses confidence in it.
- All this money is funded via debt and since Trump knows what to do with "unwanted" debt (ditch it!)
- The digital currency New USD to replace old USD will be FedCoin. A Fed backed crypto standard for everyone in the US for digital payments.
- Physical asset classes will go up in price, inflation or even worst, stagflation impacting the more vulnerable population.
- "Paper" asset classes (stocks, ETF) are in trouble on a market meltdown.
- Leverage ETFs are blowing up and even non-leveraged ETF like SPY are not to be trusted if the market blows up.
The economy is shut down and restart timeframe is in question and uncoordinated worldwide. Massive chaos in the supply chain. Given the domino effect, we're almost guaranteed to have a recession unless a vaccine or cure is quickly found...
Sad reality of the times to factor in just charts....
- 90% of the US money is not real, it's digital (numbers in a computer backed up with a promise of....)
- Bull haves the short term advantage in that US money printing is working.
- Printing money works until the market looses confidence in it.
- All this money is funded via debt and since Trump knows what to do with "unwanted" debt (ditch it!)
- The digital currency New USD to replace old USD will be FedCoin. A Fed backed crypto standard for everyone in the US for digital payments.
- Physical asset classes will go up in price, inflation or even worst, stagflation impacting the more vulnerable population.
- "Paper" asset classes (stocks, ETF) are in trouble on a market meltdown.
- Leverage ETFs are blowing up and even non-leveraged ETF like SPY are not to be trusted if the market blows up.
The economy is shut down and restart timeframe is in question and uncoordinated worldwide. Massive chaos in the supply chain. Given the domino effect, we're almost guaranteed to have a recession unless a vaccine or cure is quickly found...