$SPDR S&P 500 ETF (SPY.US)$ 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.
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鸿福平安
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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.
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.
Derpy Trades OP 鸿福平安 : We shall see.
Tevin Smith115 : I'm new to this app any comments
Derpy Trades OP Tevin Smith115 : Have fun, stay safe.