Market Weakening
Updated
Hello all,
I am sure you pay some attention to global markets, (US) national matters/news.., etc., you may be noticing a growing sense of uncertainty.
The charts seem to be too.
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Of course, dramatic news can void any chart 'pattern.'
This isnt necessarily a pattern. It is simply weak. The chart looks week, the only way I would consider it a "bull" market again would be touching new ATHs. I put aside any notion of an overinflated market, only for the purposes of this "idea."
What do you think?
I dont think a recession will necessarily come from this, but perhaps as low as 200MA (from the chartside). Opinion only! I am interested in yours.
I am sure you pay some attention to global markets, (US) national matters/news.., etc., you may be noticing a growing sense of uncertainty.
The charts seem to be too.
----
Of course, dramatic news can void any chart 'pattern.'
This isnt necessarily a pattern. It is simply weak. The chart looks week, the only way I would consider it a "bull" market again would be touching new ATHs. I put aside any notion of an overinflated market, only for the purposes of this "idea."
What do you think?
I dont think a recession will necessarily come from this, but perhaps as low as 200MA (from the chartside). Opinion only! I am interested in yours.
Note
Strength signs could be shown by sustaining above 8000. Thats the flip side! Not financial advice at all. If anything just a statement: be cautious!Note
This chart is 50% genius & 50% dogshit
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