SPY short
Declining channel
Peanut formation ends in the resistance line for the channel
Context: bearish market
"Since 1950, the average bear market lasted 338 days (with a range of 33 to 929 days) and saw the S&P 500 fall an average 30.2% (with a maximum decline of 56.8%)"
One more leg down and we are there
Peanut formation ends in the resistance line for the channel
Context: bearish market
"Since 1950, the average bear market lasted 338 days (with a range of 33 to 929 days) and saw the S&P 500 fall an average 30.2% (with a maximum decline of 56.8%)"
One more leg down and we are there
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