Traders Dreams Come True - Big Technical Price Swings Pending on the SP500
Over the past few weeks and months, my team and I have published a series of research articles suggesting the continued market melt up was driven by speculation and the U.S. Fed’s policies and support for the markets. We’ve also highlighted a number of technical patterns that have setup within various symbols that have generated strong warnings of a potential price reversal over the past few weeks. The biggest pattern has been the Head-and-Shoulders price patterns. The sudden downside price move in the NASDAQ, and other markets, last week caught many traders/investors off-guard. One day after a very strong rally in the US stock markets, the price reversed and sold-off nearly 6% – a shocking reversal of trend. Red Skys in the mornings – Sailors Take Warning….Continue Reading Here.
Source: http://crudeoiltrader.blogspot.com/2020/09/traders-dreams-come-true-big-technical.html
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