SPY: Daily RSI breakout from the down trend?
SPY under lots of pressure from the down trend, as well as 200 DMA etc. However it did break above 50 DMA. RSI showing break out from the down trend. Best case would be sideways move for a few days/weeks before an up/down decision.
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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.