Bearish Gartley in SPY
There is a bearish gartley pattern in the SPY. This pattern is also seen in the well diversified NYSE index. This particular pattern gave a clue it might work with the 2 candlestick dojis at the D point of the pattern.
The sign of weakness today seems to confirm that this pattern is working and could lead to heavy selling going into next week.
Note that a harmonic pattern also displayed itself at the 1987 top and there was also a DOJI near the end of the pattern before the final crash leg unfolded.
The sign of weakness today seems to confirm that this pattern is working and could lead to heavy selling going into next week.
Note that a harmonic pattern also displayed itself at the 1987 top and there was also a DOJI near the end of the pattern before the final crash leg unfolded.
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