SPX-SPY Will This Fractal Forecast our Future?
Interesting fractal from April 2019 shown in pink. Then overlayed on top of current market price chart.
If this is our market future, we are right near the top and have a huge downside risk in front of us this winter!
We are seeing the possibility of one last push higher in the market, but it doesn't have to happen.
This adds to our thoughts about a serious correction that is long overdue.
The "Bump and Run" shown, creates an easy buy the dip mentality with no real fear to shake out the weak hands.
Lets not get to greedy here.
We are now short the market.
If this is our market future, we are right near the top and have a huge downside risk in front of us this winter!
We are seeing the possibility of one last push higher in the market, but it doesn't have to happen.
This adds to our thoughts about a serious correction that is long overdue.
The "Bump and Run" shown, creates an easy buy the dip mentality with no real fear to shake out the weak hands.
Lets not get to greedy here.
We are now short the market.