Treading lightly here as the SPY looks to be right at the end of a bearish rising wedge following a bearish ABCD Elliot Wave heading into a major week economically speaking. On Wednesday we have retail sales numbers, core CPI, and Core CPI YOY coming out, followed by jobless claims on Thursday. Will be watching closely, some support levels and RSI-based supply and demand zones to keep an eye on in the meantime, bearish and hedged- (Original Chart Attached Below)
- Rising Wedge following a bearish ABCD Elliot Wave
- Hidden Bearish Divergence on the RSI
- Sitting right on its 50-Day SMA
- Bearish ABCD Elliot Wave
- Rising Wedge following a bearish ABCD Elliot Wave
- Hidden Bearish Divergence on the RSI
- Sitting right on its 50-Day SMA
- Bearish ABCD Elliot Wave
