SPY: Approaching the danger zone
Mis à jour
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.
Note
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!Note
There we go down!Trade fermée: cible de profit atteinte
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.
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.