SPY is going to 300 in the next year
10 monthly moving average crossing under 20-deathcross.
Retest of 20 monthly ma on May and August.
Vix has formed an inverse head and shoulders from August 2020 to August 2022
On weekly vix is coiling above 100 ma. Has acted as support for four weeks now.
Price is above 100 monthly ma, and supported by 100 daily ma.
Bearish Engulfing candle on the weekly chart for spy.
Fed will raise 75 bps
GDP will be bad again
inflation will be sticky for years
This is just my opinion
Retest of 20 monthly ma on May and August.
Vix has formed an inverse head and shoulders from August 2020 to August 2022
On weekly vix is coiling above 100 ma. Has acted as support for four weeks now.
Price is above 100 monthly ma, and supported by 100 daily ma.
Bearish Engulfing candle on the weekly chart for spy.
Fed will raise 75 bps
GDP will be bad again
inflation will be sticky for years
This is just my opinion
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