Indice S&P 500Short
S&P MINUS THE TOP 8 PLAYERS
If we remove the Top 8 companies by market cap (basically all tech), the S&P looks terrible.
I would consider this the true state of the economy.
Since May 2023, these companies overall are trading well below the 55 EMA and starting, to what looks like, form a bearish pennant down the .50 Fib support.
I have a feeling that by early October, we start to see capitulation take place because the wick to the Oct 2022 lows was not sufficient for a market reset.
I would consider this the true state of the economy.
Since May 2023, these companies overall are trading well below the 55 EMA and starting, to what looks like, form a bearish pennant down the .50 Fib support.
I have a feeling that by early October, we start to see capitulation take place because the wick to the Oct 2022 lows was not sufficient for a market reset.
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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.