This is a snapshot of the current monthly candles of $SPY, $QQQ, and $DIA. All of them are ready to form bearish Engulfing on September 30. Indices will form an Engulfing or a less bearish combo unless there is a rally of 4-6% in the next two days. Sounds feasible?
What will happen next? Well, let’s talk about probabilities.
- At least one month of lower prices – 90%.
- A multi-month decline – 80%.
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