Throwback SPY Corrections
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!
- Q1 - Oil Rout Issue
- Q2 - Brexit
- 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?
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