MARKET WIDE CRASH ??! SPY about to go down ??
If we close this week below this trendline, market wide correction will happen and it will last for many months. Time to sell is now.
Daily chart will confirm the trendline loss today (we got some bearish divergence too) so imo, time to sell is today (maybe load your shorts ? :)
Daily chart will confirm the trendline loss today (we got some bearish divergence too) so imo, time to sell is today (maybe load your shorts ? :)
Note
Confirmation of break down is always indicated by 2 candles under. In our case, the second candle closed above, therefore, the uptrend continues.
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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.