This is NOT Supposed to Happen in a Recession! | Major Indicators are Predicting Pain, SP500 Bitcoin
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10 thoughts on “This is NOT Supposed to Happen in a Recession! | Major Indicators are Predicting Pain, SP500 Bitcoin”
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Happy birthday Jason 🙂 I think we are in kind of a crossroad. Yeah everything looks bullish in the charts except for the fact that all this major "indicators" are fighting with a resistance level, just before the FOMC meeting. There is no evidence to suggest if this resistance will hold or not. It all depends on tomorrows news. For much that I love TA, I think that on the prior days to a FOMC meeting it kind of goes out of the window. You could argue that the "insiders" are setting the markets for what it's coming, but that is very hard to tell because all the data is also mixed up with the speculators. So there is no way to know who is "preparing" the markets.
Lots of money coming in won’t be surprise if it carries on
We are months away from any real pain
I use the Vanguard Real Estate ETF to track the housing market. In your opinion should i be using the homebuilders ticker instead? And Happy Birthday btw, hope you had a good one.
Cramer's bullish, top's in 🤣
More rate rises coming, house prices will come down the first half of this year. Builders are still going strong because they are behind in contracts from June 2022. The charts don’t show the full picture yet. TA is awesome and so are you Jason, but you have to look a bit wider sometimes… my 2 cents (only worth 2 cents as well) 😉
Thanks 🙏 very much Jason. Have a good day.
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