SPDR S&P 500 ETF TRUSTUpdated SPX Weekly Divergence ... Large Move In Either Direction
Being that there is a stimulus on the way by Mid-March, I believe we will see some pull back while money is hitting the bank accounts.
Value from the perspective of a 30 day average vs value from a 200 day average are certainly two different things.
Value from the perspective of a 30 day average vs value from a 200 day average are certainly two different things.
Note
The full stimulus for families of four making up to 150k per year is $15,000 +/- over the next 15 months according to Bloomberg, around 50 Billion Dollars!We also have tax season with most returns being in the bank by mid-April into May.
The point is...there is a ton of cash being fed into the market by MOSTLY unsophisticated investors over the next 90-120 days. Bags are likely to be distributed accordingly.
Note
Still 50/50 on whether this was a medium term top.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.