Since we are in huge 2 years old TRIPLE TOP and MEGAPHONE/EXPANDING TRIANGLE reversal formations supported by very negative market fundamentals (forget economic numbers. They always lag index charts by 6 months or so) evidenced by panic of central banks around the world (regardless of how great economic numbers come in - they wouldn't panic if everything was rosy), extreme market valuations (super high prices). The only direction should be DOWN to END THIS BULL MARKET and to ENTER RECESSION.
Therefore, my conclusion is that we are going down no matter what, and this has to be a BEARISH CONTINUATION PATTERN.
Disclaimer: This information is for entertainment only and may be incorrect. It should not be used for investment decisions.
Therefore, my conclusion is that we are going down no matter what, and this has to be a BEARISH CONTINUATION PATTERN.
Disclaimer: This information is for entertainment only and may be incorrect. It should not be used for investment decisions.
Note
SP 500 Futures turned negative after hours. We will see if that continues.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.