In my view the megaphone pattern has been invalidated.
Look at the pattern on a weekly and the SPY has closed above the
upper trendline for the last 10 weeks and actually used it as
support.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Breaching top of megaphone =
Posted by fredsaid on 24th of Feb 2021 at 01:44 pm
Breaching top of megaphone = over bought ?
In my view the megaphone
Posted by z0ned on 24th of Feb 2021 at 06:51 pm
In my view the megaphone pattern has been invalidated. Look at the pattern on a weekly and the SPY has closed above the upper trendline for the last 10 weeks and actually used it as support.