Let's take another look at the SPY... I might not get the exact bounce length, but I always get the drop... And this one is dropping.
We see a new all-time high that is shy from a double top... As soon as this high was hit, you can see a break of EMA10, our main support.
With this little information, I can tell you that the SPY is done.
There is bearish divergence on the MACD and RSI, while the bearish volume has gone up...
This is just a friendly reminder...
The S&P 500... Is about to drop.
Namaste.
We see a new all-time high that is shy from a double top... As soon as this high was hit, you can see a break of EMA10, our main support.
With this little information, I can tell you that the SPY is done.
There is bearish divergence on the MACD and RSI, while the bearish volume has gone up...
This is just a friendly reminder...
The S&P 500... Is about to drop.
Namaste.
Note
Perfect hit...
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.