Pure Joy - SPY DIE PART 2
If you've been following for months, you saved yourself a lot of money.
I said it once, I'll say it again:
DO NOT FIGHT THE FED!!!
They are tightening. They are decreasing their balance sheet. They have to. Inflation is rampant, and the FED was way behind on their monetary policies, leading up to the new year and beyond.
Now, they're increasing rates (rate hike). Fun fact:
90% of hiking cycles have resulted in a recession since 1913.
What does this mean for assets?
There is no safe haven. Definitely not buttcoin lmao.
SPY supports already broken through 404 and 398. Previous supports still stand and even looking back at prior couple years, we have a couple more points that SPY can potentially reach.
Be careful out there. The lows aren't in yet. Short term maybe, but until the FED pivots.... kiss SPY ATH's goodbye.
Watch the 20d sma closely in the week of OPEX :) That's your hint as to whether or not this will be the start of a new bear market rally.
I said it once, I'll say it again:
DO NOT FIGHT THE FED!!!
They are tightening. They are decreasing their balance sheet. They have to. Inflation is rampant, and the FED was way behind on their monetary policies, leading up to the new year and beyond.
Now, they're increasing rates (rate hike). Fun fact:
90% of hiking cycles have resulted in a recession since 1913.
What does this mean for assets?
There is no safe haven. Definitely not buttcoin lmao.
SPY supports already broken through 404 and 398. Previous supports still stand and even looking back at prior couple years, we have a couple more points that SPY can potentially reach.
Be careful out there. The lows aren't in yet. Short term maybe, but until the FED pivots.... kiss SPY ATH's goodbye.
Watch the 20d sma closely in the week of OPEX :) That's your hint as to whether or not this will be the start of a new bear market rally.
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