An echo of the great recession of 2008 would look easy on this chart and fits nicely with the percentage distance from the 3-year moving average. I think this downturn will be even greater in magnitude and worse in different ways. QQQ at $187 by mid-summer is what I see likely. The Fed and US Treasury need folks begging to justify their next blunder. The...
Look out belowww! Many moving averages rejected, and previous monthly resistance is the next target also supported by percent distance from moving averages. The Fed needs more pain. Are you game?
US 10 year yields are again less than the secured overnight financing rate (SOFR.) The last time this happened was December of 2018, and things were papered over. Position accordingly. Idea credit to Reddit u/BoatSurfer600.
QQQ has pivoted on the line shown. Earnings and layoffs spell fundamental downside, but CPI was better than "Economists" expectations. How long do you expect this to last?
