Daily Charts - Nothing good happens below the 200DMA for SPX

Callum_Thomas
04-01

1."Nothing good happens below the 200-day moving average"

As a trend indicator, a crossover below the 200dma is intuitively a bad thing in terms of the price trend

But another aspect is historically volatility has been materially higher below $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$

Image

2.Credit Spread Cycles

Low spreads are not necessarily a bad thing, especially if they are falling from high levels under improving conditions.

Rising spreads OTOH are almost always bad (unless and until they reach a climax and turn down)

Image

3.Gold Market Strategy Dashboard

-looking overvalued

-sentiment heating up

-but strong price momentum

-(and monetary tailwinds) $Gold - main 2506(GCmain)$

Image

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
32