RSI/6day SMA crossed over into oversold territory on April 9th. If history repeats itself, there’s a 1-7 TRADING day window for correction to mean.
I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump.
Based on volume, I think we see SPY drill to the ~395 range. There’s absolutely no support down below. Will there be a catalyst? Time will tell.
I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump.
Based on volume, I think we see SPY drill to the ~395 range. There’s absolutely no support down below. Will there be a catalyst? Time will tell.
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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.