A few things to consider, on the macro side of the house: Jerome Powell, while ambiguous, did not distance the fed from a potential longer rate hike cycle, nor did he commit to the current terminal rate. 25 BPS and high employment inclines me to believe that inflation will go up MoM. On the technical side of the house, the highlighted area is where we've seen...
TSP weekly HODL stop loss $0 hopefully will recover in 2023-2025 era.
From what I see is utilizing the fib retracement from the 2020 low to the top of you can see great support and resistance . Ironically looks like it's going to flirt with the 0.618 fib retracement level. IWM is on it's way down and I see it filling the gaps that I circled. Along the way the SPY is mimicking the movement of IWM , so I see more downside for SPY as...
Trade ware heating up between US and other countries now, EFA showing strong sell pressure @ 65 level. Possible Head and Shoulders forming. Close below 62.5 confirms H&S pattern with price target @ 60 representing over 5% downward move.
Delta Wave in progress, should breakout in next 4 weeks, PT1: 77, expecting continutation of Major trend PT2: ≥89, which is validated by previous symmetrical measuring rule.
EFA has broken out of symmetrical triangle well before apex indicating very bullish move. Measuring rule implies potential gain of $56.61 or 89% from breakout. MACD also breaking out of downtrend since 2007.