S&P 500 E-mini Vadelileri
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SPY Descending Triangle Intermediate Term Pattern

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I'm suggesting this is one version of two that I have about the possibility that this is the start of a descending triangle pattern. Because it's a longer term pattern, that gives us opportunities within that time if we can identify 1. If it's actually a descending triangle (can only know on the next low) and 2. Figure out which one of my two charts marks the swing high (current rally high).
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Mind you, I only drew that Upper Red Line based on the apex and the high. It may be off a bit since I only had the High and the Low of the range to work with.
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SPY about to drop. Currently $278.50. Just wanted to toss that out there.
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SPY Descending Triangle Update


UPDATE Link
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Anybody Still following this?
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Let's see if the chart still holds up 2 months later. Interesting action this week.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.