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RizeSenpai
Oct 30, 2023 10:04 PM

Simon Property Group: Bear Flag into Bearish BAMM Short

Simon Property Group, Inc.NYSE

Description

Simon Property Group is going to close the month below a Bear Flag as the RSI breaks down and the MACD crosses bearishly.
If this Bear Flag plays out, it will begin to push SPG below the B point of this potential harmonic BAMM, which would only complete once SPG reaches the 0.886 at around the $47.30 level. SPG is simply yet another REITs play that I will be on the lookout for a major correction in.
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