Looking ahead to the upcoming week and my market outlook: Let's begin by examining the yield curve spread, which consistently correlates with the bear steepener. This spread provides us with a valuable timetable or countdown, usually spanning 1-3 months before a breakout occurs. When this breakout happens, it typically signifies that the market has already...
Looking at the latest S&P 500 SPX (SPY ES1!) "Breadth" data , including Stocks Above 50-Day Moving Average (S5FI) & Stocks Above 200-Day Moving Average" (S5TH) — this is yet another indicator that we have been tracking since the start of the market downturn (correction/bear market) in late 21' / early 22' as it has helped to signal buy/sell signals. Here's what...
This is a chart of various Moving Averages for NYSE(MM), QQQ(ND), & SPY(S5). TW = 20D MA FI = 50D MA OH = 100D MA I drew trend lines for the 3 different 100D TLs that all signal a general downtrend. Next year is gonna be wild.
Sitting right on a key fractal in a major downtrend. This is part of a broader 5Y uptrend fractal break...
Notice that every time in the last 5Y we broke below this line, stocks plummeted. Only options left are... 1. BULLGASM to stay above this line for a bit longer before crashing 2. Start crashing soon 3300 is a good place to pull back to before charging for new ATHs, that is most likely bounce for next downturn right now but 3180 and 3k aren't too far behind,...
For the nerds... enjoy! Would wait for RSI break before going long.
Just a helpful PSA B).