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degenb63

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$290.00K

Jan 17

$SPY New ATH or Double Top? πŸ€·β€β™‚οΈ
Curious on the community’s thoughts? Are we breaking through past ATHs soon or is the S&P forming a multi-year double top? My thoughts: even if we are forming a double top, earnings suck, a war forms, and a recession develops leading to a market downturn - the FED put themselves in a phenomenal position to cut rates that would rubber band the market back up similar to the stimmy-era. Bull & bear theses might honestly just cancel each other out over the next couple of quarters Guess I’m team 🦘
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Comments (4)
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Jan 17
Maybe we consolidate till FOMC then make new ath, bullish for the year based on liquidity and deflationary trends, but there may be some juicier entries in q1. Hodling sq w you.
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Jan 17
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Jan 17
Leaning towards recession or downtrend because look at Asian markets and it may drag. Expecting it to hold out until possibly after the elections?
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No ATH for at least until after March imo.
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