SPY The next couple of days
SPY gapped down huge but buyers stepped in and we saw it make a recovery during the day. The downward channel hasn't been broken yet and the price action the next couple of days will tell us which direction we are headed.
-Price still in downward channel
-A breakout of channel = Bullish move
-Rejection of channel = Another gap down and selling
-Increase in buying volume could indicate a potential bullish breakout so keep watch
- Overall market sentiment still bearish
What do you guys think about this analysis?
-Price still in downward channel
-A breakout of channel = Bullish move
-Rejection of channel = Another gap down and selling
-Increase in buying volume could indicate a potential bullish breakout so keep watch
- Overall market sentiment still bearish
What do you guys think about this analysis?
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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.