Broadening Formations For The Win.
Broadening formations are a great way to see when exhaustion is coming, 
SPY hit the top of it beautifully after a massive move up and got tired. Now, we all wait on what the FED says about rate hikes. 75BPS+ the market will puke. 50BPS (FED Pivot) then we break right through this broadening formation
SPY hit the top of it beautifully after a massive move up and got tired. Now, we all wait on what the FED says about rate hikes. 75BPS+ the market will puke. 50BPS (FED Pivot) then we break right through this broadening formation
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.