Megaphone - Bearish
SPY weekly looking interesting heading into the week. Staying hedged with the SPY holding another megaphone. The SPY is being carried by buyer volume with some hidden bearish divergence on the RSI and nearing overbought territory yet again.
With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside.
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
https://www.tradingview.com/chart/SPY/rMIlh1De-SPY-Bearish-Update/
https://www.tradingview.com/chart/SPY/Ddgk9nRN-SPY-Bearish-Update/
With so many sectors and indexes flashing red and a massive bearish cipher on the weekly timeframe as further confirmation, looking forward to playing the downside.
Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime (Accompanying Charts Attached Below)
https://www.tradingview.com/chart/SPY/rMIlh1De-SPY-Bearish-Update/
https://www.tradingview.com/chart/SPY/Ddgk9nRN-SPY-Bearish-Update/
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.