SPY Crash - Keep your eyes on the Major Markets
Wanted to ensure everyone was still keeping an eye on the SPY, and other futures. The SPY is looking a little tired out, possibly producing a head&shoulders formation on the daily. If so, we could be at the beginning of the correction on the head formation, which will lead us a couple weeks in to July, then the right shoulder would form over the following months. This would lead to a full correction in Q4 '20 to Q1 '21. Alwasy happy to hear your thoughts, or if there was something I missed, please let me know. More than happy to learn something new.
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As always, please let me know if you see something I didn't catch.
You can also subscribe to our podcasts: Podcasts.moneyvikings.com
As always, please let me know if you see something I didn't catch.
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