Spy 11-12 Next leg down
This pattern forming all all the indexes (Dow jones,NDX,Russell2000) is called a descending broadening wedge. It's a bullish pattern..
Here's a link for more description
newtraderu.com/2020/09/07/descending-broadening-wedge-pattern-explained/
Over the next few days I think we will drop down to our 21EMA and from there we'll bounce of the wedge support and begin our Holiday rally. to possibly new ATH
Here's a link for more description
newtraderu.com/2020/09/07/descending-broadening-wedge-pattern-explained/
Over the next few days I think we will drop down to our 21EMA and from there we'll bounce of the wedge support and begin our Holiday rally. to possibly new ATH
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