dzhudzhyn
Long

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

FX:SPX500   S&P 500 Index
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
Dec 02
Comment: whoa! how about that for a reversal!

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