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$IWM / $SPX just got the first weekly buy signal since Nov 2020.
That was precisely after the COVID crash, when our beloved Federal Reserve flooded the market with a QE the size of Mount Everest.
The Fed's balance sheet continued and it doubled in size soon after.
Total Covid lockdown effects on the US economy got wiped out single handedly by the Central Bank and you should be thankful. Because otherwise the US population would be absolutely screwed. Yes this is my honest opinion as a political economist.
What came after was inflation spiking like 4th of July. The stock market absolutely crushed. Everything pumped as if there was no recession. Wallstreet made so much money that Jet sales went off the roof. Now that nobody can fly commercially but everyone could fly private jets.
IWM / SPY is getting another buy signal on the 1W HTF chart.
NOT FINANCIAL ADVICE DYOR
MY OPINIONS ARE SPECULATIONS