SPX500 - possible expanding triangle, about to drop?
So SPX500 is on steroids due to tech but tech is not the overall economy and can't carry everyone through this massive shock. The gap is broadening and the top 10 companies are gaining much ground ahead of everyone else so it is kinda like betting on a healthy horse vs 3-legged competitors, stoned competitors.
This might continue for a while with nasdaq100 going up, spx slightly going up compared to it but I see a potential drop from here first. Earnings mania could last a few days but the jobless gorilla in the room is learning to spell trouble.
Let's see, target zone on the chart.
This might continue for a while with nasdaq100 going up, spx slightly going up compared to it but I see a potential drop from here first. Earnings mania could last a few days but the jobless gorilla in the room is learning to spell trouble.
Let's see, target zone on the chart.
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