$SPY BEARISH HARAMI ON WEEKLY... (BEARISH!)
Hello Team,
Here is another wonderful update on the market going into next month. We wanted to wait for the big names to report their ER and FEDs out of the way first before making new updates.
Today, WE OFFICIALLY TOOK NEW SHORT POSITIONS on the markets and our targets are labeled on the chart and here is why we decided to do so.
P.S. in case you're wondering what a bearish harami looks like... Here you go:
stockbuysellsignal.com/images/blog/tradewinx-blog52-1.jpg
***Let's talk about it...**
Here is another wonderful update on the market going into next month. We wanted to wait for the big names to report their ER and FEDs out of the way first before making new updates.
Today, WE OFFICIALLY TOOK NEW SHORT POSITIONS on the markets and our targets are labeled on the chart and here is why we decided to do so.
- As you can see labeled on the charts,
SPY just printed a bearish Harami on the weekly and got rejected off of the trendline stretching back to the 2009 lows(which was broken back in 2018). - The bond market continues to rally, the treasures yields continues to crumble (
US10Y now below 1.6%) and risk off assets/sectors like GOLD , 
XLU , 
BITCOIN are continuing to rally. - Also it looks like
APPLE might have posted a major top today with the doji on high volume - There are still a handful of companies that need to report, but we believe that their effect on the overall market won't be that significant.
P.S. in case you're wondering what a bearish harami looks like... Here you go:
stockbuysellsignal.com/images/blog/tradewinx-blog52-1.jpg
***Let's talk about it...**
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