ES1! Every single time inversion happened and dollar dipped, back in history, bear market took over. sorry folks, as much as i pray market to be on positive mode, this time around, bulls are better off holding the white flag. unemployment numbers are fraudulently manipulated in the usa… employers are cutting down hours worked per week and no data shows that. prices on commodities rising… housing inventories rising w no buyers. DO NOT BET YOUR LIFE SAVINGS for an uprise in market any time soon. hold yr cash!
SPY you guys ever zoom out and look at the big picture? ES1!SPX
5 year chart we're right at 50 RSI with bearish tops.
macd is now starting to drop with more momentum behind it on the histogram
assumed smart money selling off
sentiment is as low as it was in jan 2022 and still looking for more downside
higher bonds mean tighter money
dollar rapidly losing value.
also we're riding the wick which means someone's holding bags
the macro economics are unpredictable and the future is rough. Bessent is pretty much telling us yes the market is going to struggle near term.
when you're trading pay attention to larger trades retail getting smoked following the interday trend i could see us hit 513 by the end of march or april but it will be super choppy