SPDR S&P 500 ETF TRUST
Short

SPY(4h) - RSI update

323

I was looking at this chart again, RSI patterns from overbought to match past behavior. Looks like Fridays price action could be interpreted more like a double top here. See the rectangle with red box outlines. The RSI peak and a bounce up followed by a very sharp price decline. I doubt that we'd crash like in 2011 but with the weak bull last week we should see some continuation this time around. Just my 2cents

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.