$SPY TOP 20
Added 2024-08-21 13:40:36 +0000 UTCJust an observation at this stage but worth watching....
200 Monthly Moving Average aligning with the 0.618 Fib at $227.
RSI on the monthly chart shows a clear trend too to the downside
Comments
Captain - can you run this exact chart with RSP?
Jack
2024-08-22 13:37:19 +0000 UTCMore like Dooms day scenario from 470 to 227
5abi85
2024-08-22 01:43:31 +0000 UTCThis chart is mind blowing. It will be catastrophic if it happens to 0.168 fib on monthly chart.
Huat
2024-08-22 00:08:24 +0000 UTCSo is it wise just now to trim? Then buy back when it drops?
Dougal
2024-08-21 16:08:48 +0000 UTCThis will hurts badly when it will breaks. I am now feeling like being only 20% in cash right now to take advantage of the current opportunities is too risky. I will sell some I believe. Even better opportunities will eventually come. I am always asking myself the same question... Why keeping cash when there are undervalued stock available ? ...I feel like even undervalued stocks could be hurt momentarily when the marker will break down... and then I will finally get my answer and realize why it was better to keep a larger cash reserve.
Luc
2024-08-21 14:16:16 +0000 UTCThis is just an observation right now Something we are aware of
Gareth Neary
2024-08-21 13:52:21 +0000 UTCSame Q. How can we interpret what you said? It has a “possibility” to go to that range? If so, possibly when do you think it is?
A V
2024-08-21 13:50:09 +0000 UTCSo how does the 200 mda play apart in something like this that is spread so wide? Like how are we to interpret this? That it can drop to that level eventually?
AL
2024-08-21 13:48:04 +0000 UTC
