Nor1gt

Nor1gt

Ready for more downside ??? ETH is in clear bear pattern(diamond) !!! Trade carefully!

Nor1gt

Do you see what I see??? Spy in a bearish pattern( falling wedge) with bearish signal indicators.

Nor1gt

right now $SPY is in a bear pennant which is a bearish pattern there is a small chance that we might go a little higher but I doubt it will happen because the indicators are showing bearish signs so next stop is $375.( just my idea) !! Please share you’re opinoins and correct me if I’m wrong so we can get on the right track , thank you !

Nor1gt

I think $SPY might have a small uptrend to retest the resistance level and then continuing downtrend (D. Cat bounce complete )and is also completing the bearish flag formation as I mentioned in my last post.

Nor1gt

I think on daily chart $SPY is making clear bearish flag and is about tho retest the resistance (383 lvl).

Nor1gt

After a huge downtrend and a small pull back from $380 levels to $420 ,SPY was in the distribution area and tried to go higher and break the major resistance (50ma) ,after some rejection of the $417 to $420 level (resistance)it finally broke down the distribution area and continued to bearish trend with the bearish MACD on daily time frame. What I think is Spy is...

Nor1gt

Drop base Rally ? What’s your thoughts on this analysis ?