A few of my ideas this week turned out to be wrong so take this one with a grain of salt. I'm also realizing I might just be clinging onto the bearish outlook and my own bearish bias, but for some reason to me it doesn't feel like the bearishness in the market is done yet, short or long term.
It seems to me like SPX/SPY is setting up the same megaphone type pattern from the end of September.
If it does repeat and play out the same then I expect SPX to hit 3650-3646 on Monday.
Good luck everyone!
It seems to me like SPX/SPY is setting up the same megaphone type pattern from the end of September.
If it does repeat and play out the same then I expect SPX to hit 3650-3646 on Monday.
Good luck everyone!