Here the nasdaq monthly chart shows what could be considered a hanging man candlestick pattern. These patterns often indicate a topping area.
If you pull up the same monthly chart for the S&P 500 you will see a similar pattern.
If you pull up the same monthly chart for the S&P 500 you will see a similar pattern.
Comment:
According to FX Evolution on youtube, market tends to bottom in October, AND the market goes up 80% of the time anyway, so even though it is going down right now, unless really bad news comes out that crashes it, a good guess is that it will bottom in October....BUT bad news could come out, so keep on your toes!