This was Never Seen Before in Stocks
Much was written about this week's equity selloff, being the biggest drop since Sep 2011 etc. But two additional pieces of analysis we uncovered is that this week's 3.6% decline in the S&P500 single-handedly erased all of the prior 3 weeks' BACK-to-BACK GAINS. The last time this had happened was the week after the October 2007 record. Guess what stocks did after that... A more dangerous finding is that this week's S&P5 500 decline took place after SEVEN weekly consecutive gains, which was NEVER seen before in the index. I will post in Monday's Premium Insights new trades to exploit these developments.
![Spx Dec 2014 Vs Oct 2007 1 This was Never Seen Before in Stocks - Spx Dec 2014 Vs Oct 2007 1 (Chart 1)](/content/images/hot-chart/spx-dec-2014-vs-oct-2007-1.jpg)
More Hot-Charts
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Nasdaq100 Daily & Weekly
Jul 17, 2024 17:53 | by Ashraf LaidiThe triple top in weekly RSI suggests the following price and time implications: . PRICE: 18700. TIME: Duration of downside may last for another 3 to 4 weeks. -
Aussie View
Jul 3, 2024 17:14 | by Ashraf LaidiThe Australian dollar is the 3rd highest performing currency in the G10 so far this yearm behind USD and GBP. -
Aussie View
Jul 3, 2024 17:14 | by Ashraf LaidiThe Australian dollar is the 3rd highest performing currency in the G10 so far this yearm behind USD and GBP.