S&P500 pierced 50 week MA for the first time in almost exactly 2 years

Discussion in 'Technical Analysis' started by taojaxx, Feb 19, 2022.

  1. taojaxx

    taojaxx

    Previous time was 2/24/20. Remember what happened next lol?
    History rarely repeats itself though, so perhaps a dark stock winter allowing p/e to deflate?
    Get rich selling OOM calls?
     
  2. What happened next?
     
  3. taojaxx

    taojaxx

    March 2020. Remember? Covid Bloodbath? 3136 to 2280 on S&P in 2 weeks.
     
  4. rb7

    rb7

    So, you are now shorting the market?
    Or are you just bragging about it?

    Each week, for the last 6-7 years, there is a guy saying that the market will crash. Just do a quick search on this forum.
    It will happen for sure.
    When?
    Don't know.
    Maybe it will start next week, maybe next month, next year, in 5 years???

    If you're really shorting the market based on your observation of the 50 weeks MA, I wish you good luck. But if you look back the previous times it had happened, the market didn't went down all the times.
     
  5. Yield spread also reaching same level as mar2020.

    Screenshot_2022-02-20_00-30-04.png
     
    wrbtrader likes this.
  6. SunTrader

    SunTrader

    o_O

    Why 50, why not 52 week squiggly?

    It was actually following week of 2/28/20 (numbers are off too) but who's keeping track.
     
    murray t turtle likes this.
  7. Charts are so great

    (for telling you what already happened)
     
    murray t turtle likes this.
  8. at least small cap index has shown some strength lately.
     
    murray t turtle likes this.
  9. FCAPhil

    FCAPhil

    yeah fortune says its dropping by 30-40% from here. multiple year bear market
     
  10. SunTrader

    SunTrader

    You then must not be talking about Russell 2000?
     
    #10     Feb 21, 2022