SPX: The Jerome & Powell 500 Channel
As the markets pullback this week, keep in mind we're still in what I call the J&P 500 Channel.
The chart is the daily SPX adjusted for Inflation. The bottom channel is a 10 year regression trend channel that has contained the SPX until the march 2020 crash.
The upward trending channel is what I call the Jerome & Powell 500 Channel which is a modified schiff pitchfork that represents the QE / Stimulus the Fed has been pumping into the economy since March.
If the key level (median line in red) holds over the next few days I plan to buy the dip.
If we close below the key level before tapering and the decline of stimulus (rising interest rates, end of moratorium, end of asset purchases) I would worry about a full on correction.
The chart is the daily SPX adjusted for Inflation. The bottom channel is a 10 year regression trend channel that has contained the SPX until the march 2020 crash.
The upward trending channel is what I call the Jerome & Powell 500 Channel which is a modified schiff pitchfork that represents the QE / Stimulus the Fed has been pumping into the economy since March.
If the key level (median line in red) holds over the next few days I plan to buy the dip.
If we close below the key level before tapering and the decline of stimulus (rising interest rates, end of moratorium, end of asset purchases) I would worry about a full on correction.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。