SPX is above its 50-DMA and below its 200-DMA. Everyone is wondering about it's next move as the global data is poiting towards a recession.
I believe we are not exiting the bear market yet and it is just the beginning. At least it would be already a full-blown bear market without all the central bank liquidity injections.
Some food for thought: If SPX is below its 200-DMA the February average returns are (n=18):
You can check out the data here
All credits go to bullmarkets.co
I believe we are not exiting the bear market yet and it is just the beginning. At least it would be already a full-blown bear market without all the central bank liquidity injections.
Some food for thought: If SPX is below its 200-DMA the February average returns are (n=18):
- 1st week: -1.58% (prob. of being down: 78%)
- 2 weeks: -1.85% (prob. of being down: 83%)
- whole Feb: -1.90% (prob. of being down: 67%)
You can check out the data here
All credits go to bullmarkets.co
