Arbitrary, but you get the idea. Will we see EOY rally?
If you know anything about reversal patterns, chances are you have learned about the double-bottom pattern AKA 'Big W'. (We go back, slangin' and bangin') If you consider what is happening currently in the SPY you would notice that very pattern taking place. So... according to the "experts"... after the double-bottom completes its formation, the price should pull back slightly, then move in a sideways consolidation pattern for a few days. (maybe this week?) The longer price consolidates, the more powerful the breakout should be. Will we continue the uptrend even higher? Biden Blast anyone?
Penafian
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