SPDR S&P 500 ETF TRUSTDiupdate SPY - Current Trends
SPY Daily trendline intersects with ascending wedge (big white triangle) on 12/30.
As long as the Fed keeps pumping liquidity with Repo's, we may only see small declines instead of correction.
Current ascending wedge shows possibility of $360 SPY into September 2020.
Daily RSI trend is above 72 (getting high).
Watching for pullback in RSI or break of white price trendline to signify downturn.
Cross of 10WeekMA red zigzag will confirm downtrend for entry as short/puts position.
Sources
Fear and Greed is 85. When we see 90, there is normally a pullback. money.cnn.com/data/fear-and-greed/
Fed Rate Cuts. There are no rate cuts priced in until at least April 2020. cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
My Opinion
forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/
The Forbes article above from 2012, basically says that back then the Fed Reserve openly stated they had a policy to devalue the dollar by 33% over the next 20 years.
In 2032, it will take $150 to buy the same amount of goods as $100 in 2012.
To my understanding, the Federal debt has increased to such a level this is the only solution.
Inflation causes the value of a dollar to be decreased over time. google.com/search?client=firefox-b-1-d&q=inflation+makes+dollar+worth+less
Quantitative Easing causes the value of a dollar to be decreased over time. (by printing more currency than is in supply already).
So if you are the government with debt (not a citizen buying goods), then the cost of the debt goes down by devaluing the currency.
This is what China does to pay bills when it cannot afford. This is why deals are done with gold. This is why I think Bitcoin will have a future.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (temporary)
As long as the Fed keeps pumping liquidity with Repo's, we may only see small declines instead of correction.
Current ascending wedge shows possibility of $360 SPY into September 2020.
Daily RSI trend is above 72 (getting high).
Watching for pullback in RSI or break of white price trendline to signify downturn.
Cross of 10WeekMA red zigzag will confirm downtrend for entry as short/puts position.
Sources
Fear and Greed is 85. When we see 90, there is normally a pullback. money.cnn.com/data/fear-and-greed/
Fed Rate Cuts. There are no rate cuts priced in until at least April 2020. cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
My Opinion
forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/
The Forbes article above from 2012, basically says that back then the Fed Reserve openly stated they had a policy to devalue the dollar by 33% over the next 20 years.
In 2032, it will take $150 to buy the same amount of goods as $100 in 2012.
To my understanding, the Federal debt has increased to such a level this is the only solution.
Inflation causes the value of a dollar to be decreased over time. google.com/search?client=firefox-b-1-d&q=inflation+makes+dollar+worth+less
Quantitative Easing causes the value of a dollar to be decreased over time. (by printing more currency than is in supply already).
So if you are the government with debt (not a citizen buying goods), then the cost of the debt goes down by devaluing the currency.
This is what China does to pay bills when it cannot afford. This is why deals are done with gold. This is why I think Bitcoin will have a future.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (temporary)
Catatan
cnbc.com/video/2019/12/16/strategist-says-markets-have-nothing-to-do-with-fundamentals-anymore.htmlCNBC - 2 Days ago. "Nothing based on logic"
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.