S&P 500 - Megaphone Pattern + Major RSI Divergence + Second Wave

19 lug 2020

Many people think we are currently at the top of another major crash, but they are wrong! Do you think the Fed would give up this easily, I don't Think so. They know if they let it go down a few more %, there's no turning back. I'm expecting the market to hit a new high around September, then the crash will begin. For now, either hold or wait 2-3 months to short.

What do you guys think? let me know in the comments

Thanks,
Niklas Iwan

19 lug 2020

Nota

I just noticed that the same exact thing happened from 1965 to 1975. Obviously you can't rely on past events to predict the future, but it shows this type of megaphone pattern can occur.