jollyishan

rising wedge on weekly time frame

Short
FX:SPX500   S&P 500 Index
rising wedge pattern, stocks can fall sharply between 1 to 8 weeks. market is up because of tech stocks and stimulus cheques, ones tech stocks start falling, index will fall too, apple is failing to break its preview high of around $138, facebook share are down around 17% from all time high, tesla is way overvalued right now and we haven't seen a mazor pullback in tesla stock yet. people are struggling to find work. airline industries are losing their business. housing markets are in risk too. world's best investor warren buffet is avoiding buying stocks right now. i think, first 6 or 7 months of 2021 are gonna be really bad for bulls, but if market fall then we will have the opportunities to buy good stocks at discounted prices. market can fall between 15-50%.this is my personal opinion, trade on your own risk
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