SPY Megaphone and Rising Wedge. Proceed with Caution ⚠️
One of the hallmarks of the dot com bubble was the megaphone topping patterns across much of tech. This pattern is very hard to trade and typically very volatile.
On top of that we have a huge rising wedge dating back about 1 year. A break to the downside of the red rising wedge and I am targeting $320.
Bearish RSI divergence has continued since 2018. This looks like it could get ugly and fast.
Not financial advice. Just for fun.
On top of that we have a huge rising wedge dating back about 1 year. A break to the downside of the red rising wedge and I am targeting $320.
Bearish RSI divergence has continued since 2018. This looks like it could get ugly and fast.
Not financial advice. Just for fun.