Wk07: Market Forecast
In the week ahead look for these news announcements to act as potential market movers… On a daily chart of the SPY we can clearly see the down channel that we are in. The hammer break below the channel could be classified as the final flag lower signaling a reversal pattern, and as talked about in the market recap, there is potential for a breakout as we sit at this downtrend line. The horizontal overhead resistance is strong and not…