Expectations for SPY tomorrow and Monday
Analysis is in the charts
Quick analysis:
1. Currently trading in a small descending channel
2. Small descending channel is currently at the bottom of a big descending wedge that we've formed in the last week
3. Big descending wedge is also a concurrent falling channel
(in chart i show my predictions of the gradual breakouts of each of these patterns.
Quick analysis:
1. Currently trading in a small descending channel
2. Small descending channel is currently at the bottom of a big descending wedge that we've formed in the last week
3. Big descending wedge is also a concurrent falling channel
(in chart i show my predictions of the gradual breakouts of each of these patterns.
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