Possible breakout to the upside for a big rally or opposite?
Theirs some bad sentiment going around with Bitcoin right now unfortunately and who knows with the upcoming data and the fed. I know technical analysis hasn't been as reliable in this market as it should be since the markets been stuck on fundamental news headlines for it to move up or down due to huge levels of fear and fud. But this defending triangle pattern does have yet another chance for it to break up to the upside for a strong push up past 400 on the SPY. At least another mini rally and another leg down is likely....or maybe we'll just go down and finally bottom up all the way until December when the final rate hike happens and the fed finally does a .50 instead of .75 and we can finally start the next bull market and get back to a flourishing country and not an embarrassing failing country that looks like it can't even function to foreign countries with such a failing stock market, which represents the performance of our own counties business and prosperity....
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.