Stock Market Seems to be Topping
Here the nasdaq monthly chart shows what could be considered a hanging man candlestick pattern. These patterns often indicate a topping area.
If you pull up the same monthly chart for the S&P 500 you will see a similar pattern.
If you pull up the same monthly chart for the S&P 500 you will see a similar pattern.
Note
According to FX Evolution on youtube, market tends to bottom in October, AND the market goes up 80% of the time anyway, so even though it is going down right now, unless really bad news comes out that crashes it, a good guess is that it will bottom in October....BUT bad news could come out, so keep on your toes!
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.
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.