AssetHawk Technologies


November 2022 Overview


Thought:

  • If time remaining, is more than one year, watch and observe.

  • Between one year and 6 months., and price falls between any critical EMA's mentioned., reposition.

  • Less than 6 months., and it is out of reach ., sell at any cost.


Case1:

  1. If history is any guide then, 100 EMA on the Monthly will hold., before the final move to bearish side..

  2. Because in 2020 the 100 EMA acted as support for the stock market., then the fed intervened.

  3. If similar case happens., then at least fed will think of pivoting at this level as fear is circulated in the market.which will take the S&P to 3800-4000 level., before the final bearish move.


Case2:


    • If we are already in a rolling bear market., market will take a stand on 2500 level. I think this will be not in the scenario as we have 8 trillion in Fred balance sheet compared to 4Trillion in 2020.



Portfolio:


If for suppose.,we leave the portfolio as it is., and if it reverses at 100 EMA ., we will have a problem as the upside target is lofty. Better to reposition if the time is less than 6-9 months.



Conclusion:


Support are 10 EMA monthly, 50 EMA weekly, 200 EMA daily. As of November, bearish trend is intact and it haven't broken above the 10 EMA monthly., which suggests it is either in a correction or in a rolling bear market.