been a REMARKABLE nearly V-shaped recovery since a 20% beat down in late 2018. Was very very critical Powel step in early Jan to calm the market , as emotions had clearly taken over, investors selling into a storm; full blown panic, lol. A 20% haircut from its highs largely on trade tensions and an overly hawkish Fed (perhaps a delusional Fed ...
......)
will the SPY's performance in 2019 mirror 2017? 2017 was an outlier. NOT ONE 5% pullback. Crazy. So far, this has been the case for 2019...we enter May.
SPY
3 yr daily
not a bad recovery, eh?
SPY
2 yr weekly
increased volume last week, i believe she forms a higher high and high low YET AGAIN next week...
15 green candles for 2019 so far, lol......
what can add further fuel? USA/China trade deal closure (going to happen,........ might be priced in dunno).....infrastructure spending-spree bill (think this happens as well, the fiscal conservative red guys in Washington have been neutered , STICK A FORK in them). NO WAY Mr Trump wants another market beatdown especially close to election time. Throw everything and the kitchen sink to keep the SPY humming