Loosing the 21 Weekly average would be catastrophic globaly
Just point out the basic TA on S&P, I know the FED can always say they will print more money but consider that:
1) We never lost that channel since covid
2) Just like 2008 with the US, China have a huge Real State debt that they have to deal with.
3)US is at the highest debt in history by far, even if they don´t stop the printing and low interest rates big players could leave the market anyways.
If they do though, we are definitely F***CKED.
My advise: Stay out of all markets, open some small shorts (less than 5%) and watch from the outside.
1) We never lost that channel since covid
2) Just like 2008 with the US, China have a huge Real State debt that they have to deal with.
3)US is at the highest debt in history by far, even if they don´t stop the printing and low interest rates big players could leave the market anyways.
If they do though, we are definitely F***CKED.
My advise: Stay out of all markets, open some small shorts (less than 5%) and watch from the outside.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.