SPDR S&P 500 (SPY): Huge pinch for consumers which make up 7...

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learningthetruth

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learningthetruth

Re: Xunefox post# 358222

Friday, 06/10/2022 10:46:19 PM

Friday, June 10, 2022 10:46:19 PM

Huge pinch for consumers which make up 70%+ of GDP and savings are almost depleted at all time lows and consumer credit and debt at all time highs...

Lowest close of the year on SPY...bit more down Monday....rally as it's getting quite oversold then big down move coming.....

$SPX closed at 3901(lowest close in 2022) for the 3rd time since May 19. On Monday it may hit the lower BB at 3855 before the inevitable rally into the FOMC on Wednesday. After the bounce into the FOMC the market will resume the decline into the next 18 CD low on June 24. pic.twitter.com/Ft1Ksw3x5Q
— CyclesFan (@CyclesFan) June 10, 2022

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