I SPY another pennant

Chart pattern looks incomplete like it needs a new top. Plus RTY never filled the COVID gap so small caps have to go up and double top.

I think we get more stimulus talk or something next week, but chart pattern and futures indicators are bearish for Monday, so I drew up this pennant. More whipsaw next week then a pump is my guess.

ความคิดเห็น:

Appears major stocks are setting up for earnings, see my AMZN plot. Same exact price where it opened last quarter after earnings.

I don't expect the market to do much for the next couple of weeks....