SPY forming a descending wedge after an extreme sell off, one of the fastest declines in recent history.
This wedge style pattern tends to be the result of sharp move in a particular direction, in this case downward as temporary relief before continuiing in the direction of the larger trend.
Ill be looking for liquidity to enter the market on the thursday / friday session for a potential bounce. If not, then its likely the market will be in for a rough spring.
This wedge style pattern tends to be the result of sharp move in a particular direction, in this case downward as temporary relief before continuiing in the direction of the larger trend.
Ill be looking for liquidity to enter the market on the thursday / friday session for a potential bounce. If not, then its likely the market will be in for a rough spring.
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No real trade here as the formation never got a breakout 
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