➡️ Market crash 2021 MAJOR UPDATE: Intermarket analysis.. 📉
Hi mates, i sharing my thoughs about markets from last week and my view for week ahead.Today i bring some more focus on intermarket analysis in this post. So lets start with last week recap:
Summary of last week:
We had busy week for macro, that shows worsening US economy by COVID-19
SPY Chart commentary:
On this chart you can see
SPY and XXLU/SPY
Summary of last week:
We had busy week for macro, that shows worsening US economy by COVID-19
- Dissapointing retail sales for December at Friday: Core Retail Sales m/m: -1.4%, Retail Sales m/m: -0.7%
- Dissapointing Uneployment claims: 965K vs. 785K
- CPI numbers just in line with expectation
- New $1.9 Trillion stimulus proposal by president-elect Joe Biden
- Earning season started by Banks
JPM
WFC
C
SPY Chart commentary:
On this chart you can see
SPY and XXLU/SPYNote
There is some update of my idea from broader perspective:
Related publications
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.
Related publications
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.