The major indices are poised to fall in the next week or so. The bearish case is illustrated by a double top which is very clear on an hourly timeframe in major indices like spy. Other than technical indicators the news is also not encouraging. A recovery from the present situation is easily weeks away if not months and therefore in the short run there is an indication of a fall.
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.