$SPY $QQQ S&P and NQ coiling in to a pennant
last 4 days SPX500 and NAS100 have been coiling in to a pennant. lets see how it will play out: a) bear flag and continues lower, b) falling wedge, market reverses and we go back to regular BTFD program. with P/C ratios being elevated for so long and all media and fintwit being so bearish, IMHO it will resume to the upside. but i never traded through bear market, so what do i know LOL
also what i like about this chart is 200ma on the chart getting flat
also what i like about this chart is 200ma on the chart getting flat
Note
whoa! how about that for a reversal!
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