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2023-12-22 20:03:39

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.
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