SPDR S&P 500 ETF TRUST
Short
Updated

Called a 290 double top... now a 265 short

417
Everything points south.

- Broadening Wedge
- Divergence on Rsi + mfi and Sqz Mom
- STC crossdown
- RSI-EMA red
- SQZ momentum falling
- falling volume
- supertrend bearish

Confirmation:
- rsi below 50 & price below 280

Breakout above 295 would still make me go mega-bull.

Note
Looking for a double top at 290
Note
Called the double top on April 23rd. Called the drop after an ATH on Jan 2nd too.

Are we looking at the thrill/euphoria? S&P 500
Order cancelled
RSI closed up and resistance broken

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.