Bullish Divergence (double bottom)

Aggiornato
SPY forming a potential double bottom on 2022-05-19 at 389 with targets ema50 cross and 444.44.

  • RSI bullish divergence (yellow line)
  • DJI index forming potential "abandoned baby doji" (3-day reversal pattern)
  • Very bearish mainstream news sentiment, including minus 10-18% predictions by big banks in recent days
Nota
EMA cross target is hovering around 420 (blaze it).
Nota
"Successful tape reading is a study of force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side." - Richard Wyckoff
Nota
ema 50 cross target achieved
Moving AveragesOscillatorsSupport and Resistance

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