As you can see
SPX
is running to major resistance levels and trend lines.
Appears to be forming a right shoulder of bearish Head and Shoulders chart pattern.
NFLX
is expected to mis earnings and is already dumping after hours market.
Could bad earnings of other big companies going to be the catalyst for the next wave down?
Many bears are predicting a 20% drop if thats the case.
You can also see a triple bearish divergence on RSI.
🐻🎣
SPX
is running to major resistance levels and trend lines. Appears to be forming a right shoulder of bearish Head and Shoulders chart pattern.
NFLX
is expected to mis earnings and is already dumping after hours market. Could bad earnings of other big companies going to be the catalyst for the next wave down?
Many bears are predicting a 20% drop if thats the case.
You can also see a triple bearish divergence on RSI.
🐻🎣