From Stan Weinstein's stage analysis, spy weekly is below 34
WMA, so we are at the beginning of a bear market. My plan is to
short bounces with greater position until the chart shows
otherwise. SPY corrected about 8.5% from the high which is normal
in a bull market, but looking at the charts breaking the trend
lines and the internals, I don't think this is just a normal pull
back.
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From Stan Weinstein's stage analysis,
Nasdaq and NYSE New Highs and Lows Wow
Posted by sydney on 22nd of Jan 2022 at 01:21 am
From Stan Weinstein's stage analysis, spy weekly is below 34 WMA, so we are at the beginning of a bear market. My plan is to short bounces with greater position until the chart shows otherwise. SPY corrected about 8.5% from the high which is normal in a bull market, but looking at the charts breaking the trend lines and the internals, I don't think this is just a normal pull back.