Bearish SPY outlook
Hey Y'all
looking at the spy after the trading day today, I could see what to me looks like a bearish flag. Not sure when the spy is going to break to the downside, but it will happen soon I believe. The MACD is also in a bearish divergence trend currently. BIG cap company's like TSLA, APPL are going to cripple the SPY and QQQ. Earnings haven't taken interest rates into play yet, when those earning Miss and miss by a large amount the institutions investors will bring the market down due to selling.
looking at the spy after the trading day today, I could see what to me looks like a bearish flag. Not sure when the spy is going to break to the downside, but it will happen soon I believe. The MACD is also in a bearish divergence trend currently. BIG cap company's like TSLA, APPL are going to cripple the SPY and QQQ. Earnings haven't taken interest rates into play yet, when those earning Miss and miss by a large amount the institutions investors will bring the market down due to selling.
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