I Know It Is A Lot To Take In SPY
I know it is a lot to look at, but “bear” with me.
I drew some trend lines to see their convergences, and then put the dates and prices of those convergences to create a sort of bear map, if you will.
I would use these as potential pivot points and price magnets as we go through this bearish time of correction, hope it helps you.
Overall, I still think we have about 1 week to D-Day so the shorts can be cleared out as the FED's arsenal dwindles. After that, a very bearish and fatalistic outlook.
Something I found interesting...the price of the DOW before the 1929 crash: 381.17--I know, I know, it is the DOW not the S&P, but I thought that was pretty funny.
=FIB
I drew some trend lines to see their convergences, and then put the dates and prices of those convergences to create a sort of bear map, if you will.
I would use these as potential pivot points and price magnets as we go through this bearish time of correction, hope it helps you.
Overall, I still think we have about 1 week to D-Day so the shorts can be cleared out as the FED's arsenal dwindles. After that, a very bearish and fatalistic outlook.
Something I found interesting...the price of the DOW before the 1929 crash: 381.17--I know, I know, it is the DOW not the S&P, but I thought that was pretty funny.
=FIB
The prediction is in...
= FIB
= FIB
Disclaimer
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.
The prediction is in...
= FIB
= FIB
Disclaimer
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.