Chances are good that the charts for
SPY
and
SPX
will continue to print repeated patterns. They have been doing so for an entire year, so I don't expect them to suddenly change trajectory. I honestly expect the market to crash within a week--if not tomorrow--judging by this fractal. And although it is not shown in this post, there is also major bearish divergence on the RSI for the weekly and monthly charts and bullish divergence on the same timeframes for the
VIX
. It sure will be interesting to watch. Good luck to all.
SPY
and
SPX
will continue to print repeated patterns. They have been doing so for an entire year, so I don't expect them to suddenly change trajectory. I honestly expect the market to crash within a week--if not tomorrow--judging by this fractal. And although it is not shown in this post, there is also major bearish divergence on the RSI for the weekly and monthly charts and bullish divergence on the same timeframes for the
VIX
. It sure will be interesting to watch. Good luck to all.