mattpowell

Bearish Engulfing Pattern at ATHs

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AMEX:SPY   SPDR S&P 500 ETF TRUST
At the previous weeks close we saw an inverted hammer at the top of the trend, with this weeks close we can see a bearish engulfing pattern on the weekly chart. Along with this we may also have the January effect come in and create the sentiment for the rest of the year. I personally feel the market is going to crash very soon, however, you can only play the price action that is given to you

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