YS Market Forecast: $SPY, $QQQ, and $IWM

2023년 2월 6일

We use the YS Checklist to forecast what the market could do, emphasizing SPY, QQQ, and IWM. With Fed Chair Powell speaking at the Economic Club of Washington on 8 FEB 2023 at 12:40 PM, at the market could find itself testing the MEAN (21 EMA).

I firmly believe that we are in a Bear Market rally, and in the coming weeks, we could potentially retest $401 or the MEAN post Earnings rally. The YS Checklist allows us to take an objective approach to what the price action and the ETF are telling us. We interpret the market with careful attention to what our tools and catalyst inform us.

Tomorrow, 7 FEB, be on the lookout for more technical analysis after Fed Jerome Powell delivers his speech.

Practice #LOGICoverEMOTIONs #YSPLANNINGTOOL