SPY - we have a top

21 בנוב׳ 2019

SPY is currently trading in a megaphone pattern and a rising wedge. If these bearish patterns play out as expected, then much lower prices are coming. The Stoch RSI looks very bearish and has a lot of room to drop. The global economy looks like it is in bad shape. In time, the stock market will align with reality. People who expect the FED to save the day have a poor understanding of history. The FED is not your BFF.