🖼 Daily Technical Picture 📈
➤ After Friday's weak close, prices acted even weaker by a sharp fall on Monday. Well...not really a sharp fall...more of a standard-sized fall given the jump in volatility post 2021. In any case, the Bears have made the first move in this important week of economic announcements. What response will the Bulls have on interest rate decision day Tuesday?
➤ Remember, I would consider the Bear market over with a monthly close above 411.73 on the SPY monthly chart. Will it be achieved on the final day of January?
➤ The VIX has moved higher off the lows. It's not very convincing at the moment. Another heavy down day will change that narrative completely.
➤ I have entered a small LONG position given the technical set-up.
➤ Conclusion: Back in the action.
➤ After Friday's weak close, prices acted even weaker by a sharp fall on Monday. Well...not really a sharp fall...more of a standard-sized fall given the jump in volatility post 2021. In any case, the Bears have made the first move in this important week of economic announcements. What response will the Bulls have on interest rate decision day Tuesday?
➤ Remember, I would consider the Bear market over with a monthly close above 411.73 on the SPY monthly chart. Will it be achieved on the final day of January?
➤ The VIX has moved higher off the lows. It's not very convincing at the moment. Another heavy down day will change that narrative completely.
➤ I have entered a small LONG position given the technical set-up.
➤ Conclusion: Back in the action.
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。