So… SPY back to a bull run? via /r/wallstreetbets #stocks #wallstreetbets #investing


So… SPY back to a bull run?

So i am kinda bearish on the market, but the market has proven me wrong this past month.

we at a major key level of make or break. the only times SPY went below 200ema are the major market crashes like 2000's,2008 and covid.

i wouldn't actually call this year a major crisis at least for now.

most companies missed earnings but still were profitable (at least the ones that matter).

TL:DR, 200ema support held on weekly like a champ. now look at 418 level. cya.

https://preview.redd.it/vtdbqe0hiye91.png?width=1551&format=png&auto=webp&s=303d63dfe830f8d98fe8b33cc9228dbb548a20e2

Submitted July 31, 2022 at 09:42PM by DGojira
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