Last candle for spy was a bearish engulfing which may indicate a bearish trend.
The key indicators to note are:
a) Managed to close above the 200/50/20/10 moving averages.
b) Low ADX but high DMI+ (Low ADX ( strength of the trend) which is over 14 but below 25 the DMI+ is over 30 and DMI- is over 22 )
c) Key support levels are $271.02/$271.79/$272.27
D) Pivot is currently at $273.03
E) Key resistance levels are $273.8/$274.28/$275.04/$275.84
Currently sits under the Pivot as well as the last candle being bearish engulfing I believe today it will fall to the support levels.
Please do your DD before purchasing any stock this is my opinion and not that of a professional.
The key indicators to note are:
a) Managed to close above the 200/50/20/10 moving averages.
b) Low ADX but high DMI+ (Low ADX ( strength of the trend) which is over 14 but below 25 the DMI+ is over 30 and DMI- is over 22 )
c) Key support levels are $271.02/$271.79/$272.27
D) Pivot is currently at $273.03
E) Key resistance levels are $273.8/$274.28/$275.04/$275.84
Currently sits under the Pivot as well as the last candle being bearish engulfing I believe today it will fall to the support levels.
Please do your DD before purchasing any stock this is my opinion and not that of a professional.
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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.
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.