Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
The time of maximum pessimism is the best time to buy: Do you agree?
Views 414K Contents 44

Will the Market Rally Again?

If you want to see a detailed explanation about the current technical analysis for SPY then check out this short video in this link here: https://youtu.be/rdWdmnjHim8
If I need to make subtitles for any other languages besides english then leave a comment with the language you would like me to make subtitles for.

OUTLOOK FOR SPY FUTURES
The macro environment is still not accommodative for equities. High interest rates and the looming recession in Europe caused by the current energy crisis are causing great volatility in the markets lately. The past three days in the market have been bullish as you can see in the picture below.
Will the Market Rally Again?
Why is this happening in a bad macroeconomic environment? This could just be a standard minor correction before the downtrend continues. After all the stock market can not go straight down or straight up. There were a lot of headlines about Europe planning on passing a lot of legislation to sove the energy crisis before a recession occurs. These are very bullish headlines for the current macro environment we are in. This news could have added to the bullishness the past three trading days.
Will the Market Rally Again?


SPY did bounce off of two legitimate suport levels so this bullishness could have been expected by many investors. You can see this illustrated in the picture above. But the global environment is still not good for equities. So how long will this bullishness last. These are the most importand support/resistance levels in the picture below. I have also mapped out some possible price action moves that could take place in the future.
Will the Market Rally Again?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
13
+0
13
Translate
Report
164K Views
Comment
Sign in to post a comment
  • Thelord : Are you long?

  • SpyderCallOP Thelord: I have a few long positions for a some swing trades.

  • Thelord SpyderCallOP: Looks like gonna rocket very hard next week. Cpi data sure beat expectations

  • Jay chay : Yes expect a bull run  soon

  • SpyderCallOP : I think we will find out on the inflation data coming out tomorrow and the next day.

  • SpyderCallOP Jay chay: and then the fed will raise interest rates next week. that will be the ultimate deciding point for the direction in the market.

  • SpyderCallOP Jay chay: it might be a small bull run before the inflation data kills it. or Powell kills it. If Powell makes the market rally then that would be a very good look for the market

  • whqqq : Under the situation of European energy crisis, what do you think of betting on OXY? Joyful

  • SpyderCallOP whqqq: crude oil is doing good so far today

  • SpyderCallOP whqqq: oxy has been on a downtrend for the past couple weeks. but the price is broken out to the upside of this price channel. that is bullish for the short term. but I would wait and see what happens. because the price is still below the nine day moving average. if the price gets above the 9 day moving average, and oil is going up, and natural gas matters a little bit not as much as oil. then it would look like a good time to go long. but then again sometimes the chart will just go up for no reason and you can ride the trend to the upside. but I would wait for the price to get above the nine day moving average personally

View more comments...

Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
16KFollowers
2993Following
26KVisitors
Follow