$SPY TOP 20
Added 2023-01-29 18:54:49 +0000 UTCWe have seen this chart a lot this week. There are bullish indicators now since it has gone above the 200 D MA, it has not retested yet and has not gone above the previous high, so this needs to happen for the bulls to have it.
If it doesn't, then the bears may take control again, another big week ahead, Feds decision on Weds regarding interest rates and big tech earnings on Thursday.
The general consensus is that people still feel that more pain is ahead, although the short term has given hope....this is confusing to say the least. The second chart I have uploaded is that possible pain ahead this year.
It's a genuine split now.
