Traders,
Here is a quick simple analysis on the ETF "SPY". One possibility we may see take place on the SPY is a descending triangle pattern! Since the big drop at the market high of $28,000 we have seen the market perform into what looks like the start of a descending triangle pattern. Of course market conditions can change at any point, and a previous analysis can become irrelevant. What we have here on the market appears to be a a descending triangle pattern. If market conditions can stay some what relaxed for the next couple weeks we mays see a fully played out descending triangle pattern. Though this seems like a descending triangle pattern.... I highly doubt we will see this pattern fully play out. With (FOMC) Fear of Market Crash, and President Trumps un-expected tweets or trade war, and extra 100 Billion added to the tariffs, Federal reserve raising interest rates... well all of this may as well push this market lower very quickly.
Bearish outlook on the market
Here is a quick simple analysis on the ETF "SPY". One possibility we may see take place on the SPY is a descending triangle pattern! Since the big drop at the market high of $28,000 we have seen the market perform into what looks like the start of a descending triangle pattern. Of course market conditions can change at any point, and a previous analysis can become irrelevant. What we have here on the market appears to be a a descending triangle pattern. If market conditions can stay some what relaxed for the next couple weeks we mays see a fully played out descending triangle pattern. Though this seems like a descending triangle pattern.... I highly doubt we will see this pattern fully play out. With (FOMC) Fear of Market Crash, and President Trumps un-expected tweets or trade war, and extra 100 Billion added to the tariffs, Federal reserve raising interest rates... well all of this may as well push this market lower very quickly.
Bearish outlook on the market
