There has been significantly increase volume lately on the days that have high amounts of selling pressure, usually clear signs of a trend reversal, especially with the gap down that just occurred. I could see the Tesla cult trying to come back and buy buy buy it back up over 1500-1550, but in the end, they will just end up being bag holders. Tesla's finances...
I have noticed many folks on here adjusting the channel that SPY is in a bit too frequently. If we draw the original channel that we moved upwards in, it becomes more clear that SPY has fallen out of the channel and is now retesting that structure. I have updated my original idea, to now show only 1 option moving forward, as I believe this one is the most...
I recently read the first half of technical analysis of the financial markets, and I noticed that SPY had formed a perfect double bottom reversal pattern. Additionally, SPY has broken overhead resistance at 312-313, returned back and it acted as support. Now we will see a final push upward to fill the gap near 323. This may continue higher to close the last gap...