If this goes up 3% than the spy broke the downward trend line.
Bullish reasons. Massive amounts of puts and shorts (Squeeze). Think of a teeter totter. Bonds are coming down meaning lower rates in the future = Fed pivot.
Bearish reasons. Massive, inverted yield curve. Still in downward channel in charts. China seems to be coming close to invading Taiwan. Smart money is going bearish.
Bearish reasons. Massive, inverted yield curve. Still in downward channel in charts. China seems to be coming close to invading Taiwan. Smart money is going bearish.
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