Time to Go Long SPX ????
1) SPY ETF broke out of 203.7 The Formidable support turned resistance .
2) SPY also broke out of a Downward Sloping Trendline & is above 200 MA.
3) OBV also confirms SPY Breakout ie Breaks out of It's Trendline & Horizontal Resistance. Therefore Volume supports the Rally ! But still below OBV 200 MA.
4) True Strength Index Crossover above Zero , That tells us that Momentum confirms rally & Breakout.
I think It's time to long on Declines in an Hourly chart !
1) SPY ETF broke out of 203.7 The Formidable support turned resistance .
2) SPY also broke out of a Downward Sloping Trendline & is above 200 MA.
3) OBV also confirms SPY Breakout ie Breaks out of It's Trendline & Horizontal Resistance. Therefore Volume supports the Rally ! But still below OBV 200 MA.
4) True Strength Index Crossover above Zero , That tells us that Momentum confirms rally & Breakout.
I think It's time to long on Declines in an Hourly chart !
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.