At what point does anyone decide that the markets have indeed taken a reversal in its trend. We have been in a bear market for a few months, and we all know they are short and swift. There are a lot of technicals on AMEX:SPY that point towards a bullish end to 2023, but balancing that with knowing that the markets are never certain - we need to watch for key...
Looks like Spy is indicating a massive bullish flag on the technicals. With the recent catalyst that the Feds may be done hiking rates for the foreseeable future, a break up may be imminent. That being said, economic data on inflation and a robust economy are still threats that can change the course of the recent dovish sentiment of the markets. Key levels for...
NYSE:BA has taken a harsh beating in the last few weeks but TA says that its poised for a reversal - still looking for some PA confirmation via consolidation. Closely watching to enter into some calls.
Looking at the recent price action on $spy shows us a clear bear flag in formation. There was no break out of the channel yet and the momentum has shift upwards so we will likely see a short term upward price movement first for the week of Mar 27 before we see downward momentum, subject to a catalyst (likely Core PCI numbers and the end of March).
Cheers!
