Is obvious but if we bounce there I think we're forming a right shoulder for an even bigger H&S to bring us down to 420 area.
Here's the thing, what has kept the spy from falling all yesterday were Financials, energy and infrastructure related stocks but all of thos stocks were overbought on Bollinger bands from the 4 day rally we had last week so today those stocks pullback and with the Tech sector already bleeding u have this drop to 439.
I think we bounce today and sell off later in the week
Here's the thing, what has kept the spy from falling all yesterday were Financials, energy and infrastructure related stocks but all of thos stocks were overbought on Bollinger bands from the 4 day rally we had last week so today those stocks pullback and with the Tech sector already bleeding u have this drop to 439.
I think we bounce today and sell off later in the week
