Ascending wedge pattern, within another ascending wedge.
DJIA shows that broader correction in all equities should happen soon.
Market is overbought, pattern is exhausted.
Failure of inner ascending wedge still puts price pattern in other ascending wedge. Both bearish.
This price action confirms that SPY should see further down movement.
I will put up another daily chart showing closer price action.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
DJIA shows that broader correction in all equities should happen soon.
Market is overbought, pattern is exhausted.
Failure of inner ascending wedge still puts price pattern in other ascending wedge. Both bearish.
This price action confirms that SPY should see further down movement.
I will put up another daily chart showing closer price action.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.