$SPX $SPY $ES1! The Anatomy of a Recession - An S&P Study

SPX The Anatomy of a Recession - Study

I’m not a doomer. This is for reference only... Let’s just get that out of the way… LOL!!! But I like to be aware. I’m also aware that this time could be very different. And it could have maybe just a few similarities when this is all done… Either way it will be interesting to see what happens and don’t make any crazy decisions based on this.
I have other scenario’s in which we trade sideways for a few years, with tons of intraday opportunities in each day… The market does not need to follow this pattern… but it could!!

One huge thing that I noticed is that the 35EMA on the weekly was the resistance the entire time.(And you could use a 50MA here too) And if you look on the bottom panel, we’re right there…. Support in the good times, resistance in the bad times… It’s a very handy MA….

That’s all I’m going to write today because everything else is above in the chart!!

What do you guys think? More red to come? Or new highs coming?? LOL…. Or lots of choppy choppy consolidation??
My personal bias is that we see more down... but I'm very flexible and will adapt if that is not the case... and I trade both ways always... always always always... 💃🏻

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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.

IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…