SPY Bearish Divergence
Markets are extremely over-extended and now showing a pretty big Bearish divergence. Looking in the past there haven't been many fakeouts with these indicators and price action. Not going to short or buy puts, but moving 1/3 of my 401(k) into stable value fund. Not sure where i'll "Cover" or add back if it keeps going up, but for now looks like a correction is in store.
Pro's:
1) Potential Capital Gains increase may cause sell-off
Con's:
1) Usually get a December rally (especially when being up YTD before December).
2) Money printer go Brrrrrr
Pro's:
1) Potential Capital Gains increase may cause sell-off
Con's:
1) Usually get a December rally (especially when being up YTD before December).
2) Money printer go Brrrrrr
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.