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.
As always, please let me know if you see something I didn't catch.
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As always, please let me know if you see something I didn't catch.
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.