From a look at the S&P chart I can see that we are entering some consolidation in the last few months or so.
From the recent ATH we have seen two lower highs which is a bearish sign.
we have a double top at the current high level which is bearish.
A possible head and shoulders pattern forming and it would be interesting to see that play out.
If either of those things are confirmed, it is possible for the downward channel to be followed.
But...
money printer go Brrrrrrrrrrrr
THIS IS NOT FINANCIAL ADVICE
From the recent ATH we have seen two lower highs which is a bearish sign.
we have a double top at the current high level which is bearish.
A possible head and shoulders pattern forming and it would be interesting to see that play out.
If either of those things are confirmed, it is possible for the downward channel to be followed.
But...
money printer go Brrrrrrrrrrrr
THIS IS NOT FINANCIAL ADVICE