We're all going to DIE!!! Double bottom for the SPY August 31,22

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Mis à jour

AMEX:SPY SPDR S&P 500 ETF TRUST

Sentiment is pretty low here I was counting on a double bottom but I think the sellers need more exhausting before buyer kick in. Just dropped below the $396 which was acting as a support so hoping this doesn't drop, if it does on the longer term on the 4 hour you're looking at as low as $390.50. Just keep in mind the average true range on the daily is $6.50 on the SPY and the top was $6 higher than we are, might not matter so just something to keep in mind. I'm hoping this will bounce and go long but I'm thinking we're about to dump.

Commentaire:

Keep in mind there was a bullish divergence on the stochastic hence why I was hoping for a bounce.

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.