Loading ...SetUp for next Leg Down in Broader Markets?
Ok, so this is totally hypothetical but I think a setup like this has a better odds of creating the next strong leg down in the markets than just plunging from where we are today. This is mainly coming from intuition and looking at way too many charts for nearly 15 years.
Nice butterfly pattern. Very possible as 10/9 would be day 31 of the SPX’s most current Trading Cycle and day 30 is about were it finds a top.
Only question now is are we in crash mode already as markets often crash from oversold positions. Cash is King right now.
I think that could happen and tomorrow could be turnaround Tuesday