SpyMasterTrades on Nostr: ⚠️ With just a few trading days left in 2023, the #SPY / #TLT ratio is forming a ...
⚠️ With just a few trading days left in 2023, the #SPY / #TLT ratio is forming a gravestone doji on its 4-month chart.
This gravestone doji is forming while the Stochastic RSI is also extremely overextended and ready to oscillate back down.
This indicates a high chance that a #bearish reversal is about to occur on that timeframe. This ratio typically plummets during an economic #recession, thus one can interpret this chart as a recession warning.
Many other charts are also warning that a recession is nearing and that it will be strongly #stagflationary.
The charts also suggest that when the economic downturn begins, it will likely last for quite a long time. It will not be the recession blip we saw in 2020.
Published at
2023-12-22 21:03:39Event JSON
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"content": "⚠️ With just a few trading days left in 2023, the #SPY / #TLT ratio is forming a gravestone doji on its 4-month chart. \n\nThis gravestone doji is forming while the Stochastic RSI is also extremely overextended and ready to oscillate back down. \n\nThis indicates a high chance that a #bearish reversal is about to occur on that timeframe. This ratio typically plummets during an economic #recession, thus one can interpret this chart as a recession warning.\n\nMany other charts are also warning that a recession is nearing and that it will be strongly #stagflationary. \n\nThe charts also suggest that when the economic downturn begins, it will likely last for quite a long time. It will not be the recession blip we saw in 2020. https://m.primal.net/HUwj.png",
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