LATEST BLOG

Throwback SPY Corrections

Kristin Alonzo

11-Oct-2018 19:29 PM

0

124

Here is a thorough look of S&P 500 corrections from the 2015 China Devaluation of Renminbi, to 2016 Oil rout, Brexit, and the 2016 U.S. Presidential Election. Then, for 2018 we have the rising 10Y yields issue.

2 0 1 5 - Sell! Sell!  S&P 500 stayed under 200 day moving average for almost 3 weeks

 

2 0 1 6  most dramatic year - triple drama award!  

  1. Q1 - Oil Rout Issue
  2. Q2 - Brexit
  3. Q4 - the U.S. Presidential election

and this how it looks like on February 11, 2016, when SPY bottomed out

then.. end of February  SPY back to 195, "W" recovery

Then we had a Brexit breakdown...

that 2 days dip post-Brexit, paired with 2 days massive buying spree.

then comes the 2016 U.S. Presidential Election

Not much to say in 2017 - then we have 2018. For this year, the issue that is spooking investors is the rising U.S. Treasury Yields more than the Trade tariff issue -

 later on Q4 starts, SPY starts to slow down...

So, what do you think?  Do we hold the 200-day line here?

Subscribe on my YouTube channel for live market updates  https://www.youtube.com/channel/UC-dgGpw0eEzGIMFQXoab3pA?view_as=subscriber

Contact Us:

Twitter:  @ Kris_tin27

Email:    Kristin@TradersFish.com

              Support@TradersFish.com

 

 

 

 

 

 

Add Your Comment


TradersFish provides FREE valuable, unique, and simplified stock market data. Your donation will help us further expand our operations. Thank you for your contribution!


Please select phase first
Disclaimer! This is NOT an investment advice. The data result herein is purely speculation only. You must do your own due diligence and mitigate your risk. You acknowledge that TradersFish.com will not be held responsible and accountable for any losses you may incur using our Biotech Data Calculator. Please consult your own financial adviser before executing trades.