Remotecam
2022-05-12

When will US stock market hit bottom? It is when $Energy Select Sector SPDR Fund(XLE)$start to trend downwards and turn red.  

As long as this stock indicator continue uptrend and green,  we haven't reached bottom yet.

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Comments

  • pete13
    2022-05-12
    pete13
    Hi! Thanks for sharing, but do you mean sharing what is the co relation between this stock and the rest?

    Thanks!

    • Remotecam: 
      The general idea is for Wall Street to hit bottom, the entire market must show consolidation.  Energy is one of the last sector still standing from the current bear market onslaught.
    • Remotecam: 
      Inflation need to move down from 8.3% now to 3% within 2 years. This involve consolidation of the entire market.  Not only tech, consumer discretion, etc.  therefore energy too.  
  • ZenInv
    2022-05-12
    ZenInv
    A great obseevation!
  • LWayne
    2022-05-12
    LWayne
    now is oil
  • drandy
    2022-05-12
    drandy
    oof! [Spurting]
  • FitBnag
    2022-05-12
    FitBnag
    E
  • Kelistine
    2022-05-12
    Kelistine
    👍
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