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Downtrend

Is the mexican index in danger?Even with great companies conforming this index, it's impossible to ignore the effect that Claudia Sheinbaum's victory had over the markets. It's shocking to see the pessimism of the markets after her victory. Unfortunately, this has now created an infliction point in the BMV:ME index. With no recent clear support, it could be possible for price to drop quite a bit more, opening great buying opportunities. However, if price does not begin to reverse this trend soon, it's possible that we will test lower lows.
BMV:MEEducation
by DarkMessiah777
$ETC may have another leg down to 20.00 area on 4hHere on BME:ETC , we can see a lot of down pressure on the 4h time frame The 1st and 3rd targets was already achieved as is indicated over the numbered pink arrows as this targets were from the downtrend above Now, it looks like a downtrend flag is forming inside the yellow area This flag is giving us another 2 more down targets the coincide with the floor of yellow channel and another blue support down there So here we have a lot of confluences that indicate this downward pressure will happen As CRYPTOCAP:BTC is still going sideways and there is some form of cooling down this last days, is much plausible that BME:ETC will have a final last drop on targets number 2 and number 4
by CCCLopes
Market Direction using SPY historical trend patternsFrom a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern. If we compare this M pattern with the current price action, we observe a striking resemblance in the market behavior, as the price retraces from a similar percentage drop of around 5%. The question arises: Is the market genuinely recovering, or are we merely witnessing the formation of another M-shaped pattern!
AMEX:SPY
by MESHANL
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