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dzhudzhyn

$SPY $QQQ S&P and NQ coiling in to a pennant

Long
S&P 500 Index (FX:SPX500)  
dzhudzhyn Updated   
FX:SPX500   S&P 500 Index
Chart Patterns Trend Analysis SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) VIX CBOE Volatility Index QQQ
3
0
chartpattern trendanalysis spy spx500 spx vix qqq
last 4 days SPX500 and NAS100 have been coiling in to a pennant. lets see how it will play out: a) bear flag and continues lower, b) falling wedge, market reverses and we go back to regular BTFD program. with P/C ratios being elevated for so long and all media and fintwit being so bearish, IMHO it will resume to the upside. but i never traded through bear market, so what do i know LOL
also what i like about this chart is 200ma on the chart getting flat
Comment:
whoa! how about that for a reversal!
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