Bears running out of woods!! Market crash in 2021 prediction
Mis à jour
In recent two years SPY formed huge megaphone chart pattern. Right now, price touching upper megaphone pattern line and there are huge selling days signalling market is topping. Macro economics indicators - retail sales, jobless claims showing some weakening clearly, in recent weeks. Stock valuations are skyrocket high. Economy will suffer in months ahead because it will be damaged by global lockdowns and surging virus cases in US and other countries and stimulus bill wil not fully cover these hits.
So i see high probability of huge selloff next year, bigger than 2020 maybe.
So i see high probability of huge selloff next year, bigger than 2020 maybe.
Note
Hi just sharing some update of my idea by broader analysis. You can find it there:
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.