SPX 2001-2003 Fractal
Bearish convictions:
-DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102.
Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets.
-VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish divergence on MACD and RSI.
-If the Feds even so much as to mention a hawkish word about raising interest rates higher than 5% - 5.25%.
-Supreme Court will reconsider Biden Admin's student debt relief on February 28. This will decide whether student loans will resume 60 days after June 30th or not.
-Resuming student loan payments, along with a softening housing market will reduce consumer spending growth on goods and services. This would be good for inflation but overall bad for equity markets as consumers would be less likely to invest.
Not financial advice. Trade safely!
-DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102.
Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets.
-VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish divergence on MACD and RSI.
-If the Feds even so much as to mention a hawkish word about raising interest rates higher than 5% - 5.25%.
-Supreme Court will reconsider Biden Admin's student debt relief on February 28. This will decide whether student loans will resume 60 days after June 30th or not.
-Resuming student loan payments, along with a softening housing market will reduce consumer spending growth on goods and services. This would be good for inflation but overall bad for equity markets as consumers would be less likely to invest.
Not financial advice. Trade safely!
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