Looking for SPY continuation on 3-12-24
Updated
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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