SPY: Approaching the danger zone
SPY has been performing great in the last few days but can it go any higher? Of course, but after a short break. There could be a week or two of bloodshed beginning next week or just some mellow corrections for a few days.
There are a few indicators that are suggesting this prediction including the lowering volumes, convergent MACD, and sky rocketed RSI. Also, price action is hitting the top yellow line in our uptrend channel.
Simple and easy! Now let's watch and see how things unfold.
There are a few indicators that are suggesting this prediction including the lowering volumes, convergent MACD, and sky rocketed RSI. Also, price action is hitting the top yellow line in our uptrend channel.
Simple and easy! Now let's watch and see how things unfold.
Nota
Today's green candle is not invalidating this analysis, but in fact, it's making this chart to look even more prone to a turn-around!Nota
There we go down!Trade chiuso: obiettivo raggiunto
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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.