Looking for SPY continuation on 3-12-24
The chart shows a bounce on the 3 Day low yellow.
Pink is 8 day low
The blue line is the 5EMA on Day timeframe.
A stock with momentum typically bounces within this range.
There are a couple of EMA combo clouds 5/13 and 55/100.
The ttm squeeze set to 1 hour timeframe shows squeeze release
The bottom frame shows the RSI and %R trend
I have added trendlines for each bull push
The chart shows a bounce on the 3 Day low yellow.
Pink is 8 day low
The blue line is the 5EMA on Day timeframe.
A stock with momentum typically bounces within this range.
There are a couple of EMA combo clouds 5/13 and 55/100.
The ttm squeeze set to 1 hour timeframe shows squeeze release
The bottom frame shows the RSI and %R trend
I have added trendlines for each bull push
Trade closed: target reached
Please click the play button on the idea image
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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.