Spy to hold the weekly 20 EMA
If we look at the move from this cycle bottom
to the current rejection at 454, that was a 30% move and if we look at the more recent bottom, it was a 20% move. A rejection at the 454 area was to be expected. If the recent bounce off the 20 w EMA marks a higher low, then we should rally to 480, just based on inflection points.
to the current rejection at 454, that was a 30% move and if we look at the more recent bottom, it was a 20% move. A rejection at the 454 area was to be expected. If the recent bounce off the 20 w EMA marks a higher low, then we should rally to 480, just based on inflection points.
Trade chiuso: obiettivo raggiunto
Although, the path to 480 was slightly different than expecting the follow through was perfect and 480 target was reached.
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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.