...a rebound could be coming on Wall St due to oversold conditions but likely to be shortlived (earnings season could produce one or two shocks); or if the Israel-Iran tensions escalates, the drop could accelerate.
$SPY $SPX $ES_F Last time we had three red weeks in a row and a MACD cross, there was a two-week dead cat bounce before rolling over.
https://x.com/Jake__Wujastyk/status/1781476624979959993
#SPX, quarterly This is one scary chart....
https://x.com/yuriymatso/status/1781757806703714727
...sell the rally (STR) gaining traction.
From November through the end of March, there were only four days when SPY closed more than 1% from an intraday high. Since the start of April, it has happened four times. From BTD to STR
https://x.com/bespokeinvest/status/1781779339861774705
S&P 500 $SPX weekly finished RSI(5) oversold... seems like 4,800'ish would sit as breakout support and represent another -3.3% downside or so, bigger picture..
https://x.com/DavidCoxRJ/status/1781715760420892911
