SPY INSIDE BAR
Todays sideways action created a daily inside bar know we have a rare pattern that hasn’t happened since August 2021 the Outside Inside Bar pattern both of them closed red. The last one was a green red now we have red red and I believe it’s not a good sign. Normally in these patterns you take them in the direction they close in. The inside bar today was created entirely in the wick of the outside bar that’s not a good sign for the bulls. Something to think about we also have one of the steepest U.S. yield curve inversions on the 2-year since 1982 which is screaming recession I’m not trying to sound gloom and doom just pointing out some things from today. Pay attention to the the 2-year VS 3-month yields over the next few weeks. I don’t have much more I swear throughout day I have so many ideas then I get home and bam they’re gone lol
As always trade what’s in front of you good luck
Oh yeah FTX crypto mess that keeps taking out more exchanges the body count keeps climbing, there’s no way we walk alway unscathed like nothing happened.
I’m glad ww3 did start either the president of Ukrainian needs to stop pressuring this any further and focus on getting there power plants running before winter hits
As always trade what’s in front of you good luck
Oh yeah FTX crypto mess that keeps taking out more exchanges the body count keeps climbing, there’s no way we walk alway unscathed like nothing happened.
I’m glad ww3 did start either the president of Ukrainian needs to stop pressuring this any further and focus on getting there power plants running before winter hits
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