Are you ready for correction?
#SPY seems ready to follow the double-top pattern
In addition, RSI is overbought, and MACD is ready for a change.
I would add that major quarterly reports are published and they are not very impressive. All this might push the market to re-evaluate positions and adjust targets.
For the next couple of months, I would expect about a 10% correction that should bring us to the Dec 2022 level.
What are your thoughts?
* Always do your own research.
#SPY seems ready to follow the double-top pattern
In addition, RSI is overbought, and MACD is ready for a change.
I would add that major quarterly reports are published and they are not very impressive. All this might push the market to re-evaluate positions and adjust targets.
For the next couple of months, I would expect about a 10% correction that should bring us to the Dec 2022 level.
What are your thoughts?
* Always do your own research.