SPY/NQX/SPX/DJX are showing similar patterns
Market has entered a falling wedge pattern with confirmation,
We now are watching a trigger event that could push the market drastically downside this could either be NVDA earnings or could come from other data or speech,
The falling wedge indicates that there will be lower highs and lower lows
Means a trendline will have been formed and the previous high will not breach the next day,
Use it to advantage and make money on shorts
Market has entered a falling wedge pattern with confirmation,
We now are watching a trigger event that could push the market drastically downside this could either be NVDA earnings or could come from other data or speech,
The falling wedge indicates that there will be lower highs and lower lows
Means a trendline will have been formed and the previous high will not breach the next day,
Use it to advantage and make money on shorts