US Markets Testing Previous Highs Normal Economic Sentiment:
The following below remains, however S&P and DJI are testing the previous high. If these markets break this I’ve added a safety point on which I will deem these market have revered from the cover turmoil and it’s ‘business at usual’, the FED will most probably still have that money printer going Brrrrrrrrrrrrrrrrrrrrr though…
VERY BEARISH if the following transpires before breaking the above safety points:
S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
If markets stay above these initial levels for the next 3 months (i’ll be surprised) however this will look like economies are back in order from COVID-19 and running ‘normal economics’
VERY BEARISH if the following transpires before breaking the above safety points:
S&P: If P action closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action closes below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
If markets stay above these initial levels for the next 3 months (i’ll be surprised) however this will look like economies are back in order from COVID-19 and running ‘normal economics’
