Bearish Pattern coming in 9/20/19*** Disclaimer - This is my first published prediction. I've only been studying charts for about 4 months, so I wouldn't put much weight to this. Oh, this is not trading advice. Do not use this as a strategy. ***
With the political climate coupled to sound recession indicators alarming and a correction to the job growth data for the year, I think a Head and Shoulders pattern was just formed. The accuracy of a head and shoulder's pattern in predicting a bullish to bearish reversal is *supposedly* quite accurate. With the trading for the week closed out for the day, this loss would be a confirmation of a reversal for the right shoulder (also making it an evening star pattern).
I can foresee variability in the pattern due to artificial stimuli (tweets) boosting the market if occurring in tandem in the latter part of next week.
Hope no one loses their revenue streams at a time when working for a living is no longer an option.
Best wishes.
M
