Needs a fake out before reversal

٢٩ سبتمبر ٢٠٢٢

Expanding wedge, generally bearish and not a good general market indication for spy. However, i believe this will be a fake out type situation and we may see 358's or 359's before a reversal to the upside otherwise we made see a huge move downwards.


VIX
Looking strong here as well despite it being right at oversold levels, there's not a weak enough setup to justify testing June lows again