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Market Crash - SPY Ascending Wedge and Gravestone Doji
SPY has yet another bearish indicator after Friday's session created a gravestone doji on the daily chart. On top of that, we saw a rejection of ATH while forming an ascending wedge and rallying on low volume. I expect this wedge to be broken to the downside and for further further downside to continue after.
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ko-fi.com/advancedplays/tiers
Short Thesis Update:
imgur.com/a/tz4xLMU
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis Update:
imgur.com/a/tz4xLMU
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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