SPY Melt up To Double Bottom
If the yellow support doesn't holder could be aiming for the tightest channel double bottom I've ever seen.
Indicators are ripe for a rebound, but the markets are saturated with easy money.. The first real flight to safety will be witnessed between now and the second week of May. This is dramatically oversold. Expect the transfer to be powerfully in favour of Gold.
Side note is that a gold rebound OR a 'bust' could acheive the rebound. This could be on par or more dramatic than that of the March spike. Either way this cycle is going to be huge. Silver appears to be leading this charge.
Indicators are ripe for a rebound, but the markets are saturated with easy money.. The first real flight to safety will be witnessed between now and the second week of May. This is dramatically oversold. Expect the transfer to be powerfully in favour of Gold.
Side note is that a gold rebound OR a 'bust' could acheive the rebound. This could be on par or more dramatic than that of the March spike. Either way this cycle is going to be huge. Silver appears to be leading this charge.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.