Confirmed Divergence and hammer on S&P 500 Daily $ES $SPY
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Divergence has been forming in the Major Indexes, with Monday providing a larger hammer candle. This provides a great entry to play a swing to the upside through December options expiration on the 21st, possibly being capped by the 50 day moving average, or higher at the 200 DMA.
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Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.