A good write up about the trend reversal on the SPY

General Discussion
#1

SPY showing a head and shoulders as a possible reversal indicator. Good write up over on reddit

#2

Index funds are selling off together, another sign of a reversal into a bear market . We are currently in a wave 3 to the downside, imo. Highly likely of a gap down later on today. This is a market not to be buying into at the moment. I believe we could see some considerable violent moves to the downside and expect this week on the news, media, etc mentions of market crashes. If you look at the parabolic nature of the index funds post covid crash (i believe the covid crash fell out of the fractal it was in and re-entered, which why we have seen this parabolic character). However, i know that once they go into a correction then they come down just as hard and fast as they went up. I am expecting some big moves to the downside.

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