A major Bearish Reversal in the SPY ?
Observation on the 3rd of Feb
1) Formation for a Evening Star with Gaps on both side .
This signifies a very bearish indication .
2) MACD is flat and RSI is down . Indicating bearish momentum
3) There have been 6 Volume Selling days ( V1-V6 ) this year .
4) Reversal on conjunction of two Trend Lines
How far will the market go down ?
Hard to tell but with Oil going up and Bond Yields also going up we need to be
Concerned .
1) Formation for a Evening Star with Gaps on both side .
This signifies a very bearish indication .
2) MACD is flat and RSI is down . Indicating bearish momentum
3) There have been 6 Volume Selling days ( V1-V6 ) this year .
4) Reversal on conjunction of two Trend Lines
How far will the market go down ?
Hard to tell but with Oil going up and Bond Yields also going up we need to be
Concerned .
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