$SPDR S&P 500 ETF (SPY.US)$ With what I'm seeing on the NYSE...
$SPDR S&P 500 ETF (SPY.US)$ With what I'm seeing on the NYSE Advancing - Declining Issues Difference breadth indicator - - the market is either about to experience an absolute blow-off top, or a very, very sharp reversal. My money is on the reversal. And I mean the WHOLE market. Likely to unfold within the next few days.
Very similar pattern to the one I pointed out in a previous video right before the massive selloff started on 08-01-24. This is typically a bearish reversal pattern, although there is the small possibility it is a resistance-breaking bull pattern. The whole market is getting overbought so I err on the side of the bears.
Very similar pattern to the one I pointed out in a previous video right before the massive selloff started on 08-01-24. This is typically a bearish reversal pattern, although there is the small possibility it is a resistance-breaking bull pattern. The whole market is getting overbought so I err on the side of the bears.
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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鸿福平安 : It is likely to retreat to 530-535 range. Only it retreats then the market can move forward more. Anyway, tonight manufacturing PMI could drop much lower. This will be the reversal factor as well.