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.
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.