SPY is massively overbought since Jan 24. My new indicator WaveTrend Multi Time Frame Table illustrates this.
Trumps actions start initiated what had to happen anyway. Currently the SPY is correcting from the previous 3 weeks of bull run.
After that the 1D, 1W and hourly charts should be green again (oversold zone) and we could see another bullish sentiment.
Just my 2 cents. Do your own research.
Trumps actions start initiated what had to happen anyway. Currently the SPY is correcting from the previous 3 weeks of bull run.
After that the 1D, 1W and hourly charts should be green again (oversold zone) and we could see another bullish sentiment.
Just my 2 cents. Do your own research.
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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.