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wordsforthewise

could see a 12-week correction, then rocket, then crash

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
wordsforthewise Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Beyond Technical Analysis
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beyondta
potential pathway we could follow. Would be like the sep 2018 correction. We have bearish div on weekly RSI. This would make a nice, massive bearish div on RSI. On the other hand, this could be it and we could go to the bottom of the megaphone over 1-2+ years with this one
Comment:
I've realized the depiction of the correction is too big. It should only be down to the megaphone line. The RSI can still get very low with two big down weeks in a row. Then I expect a grind higher until near the end of the year.
Comment:
I think that may have been the entire "correction" haha. This market is bonkers.
Comment:
playing out well, looking for the bounce at 366 first. That may be the entire correction at that point.
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