➡️ Market crash 2021 MAJOR UPDATE: Intermarket analysis.. 📉

١٧ يناير ٢٠٢١

Hi mates, i sharing my thoughs about markets from last week and my view for week ahead.Today i bring some more focus on intermarket analysis in this post. So lets start with last week recap:

Summary of last week:
We had busy week for macro, that shows worsening US economy by COVID-19

• Dissapointing retail sales for December at Friday: Core Retail Sales m/m: -1.4%, Retail Sales m/m: -0.7%
  
• Dissapointing Uneployment claims: 965K vs. 785K
  
• CPI numbers just in line with expectation
  
• New $1.9 Trillion stimulus proposal by president-elect Joe Biden
  
• Earning season started by Banks JPMWFCC

SPY Chart commentary:
On this chart you can see SPY and XXLU/SPY

١٩ يناير ٢٠٢١

ملاحظة

There is some update of my idea from broader perspective: