MAgicTrx

SPY putting in a top likely

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
105 days over the 25 day MA of lows. 4:1 generally not sustainable. It is the timeframe since the November low that is most disconcerting. Metrics since the 2009 low are somewhat overbought but not as desperately so as just since this past November low. Rsquared in the .95 area also troublesome though .97 can be found in history. This would be an opportunity for the longs to trim and the contemplative shorts to find an opportunity.
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.