SPY bulls looking for inspiration
15 minutes chart showing the story of the day.
Divergences on MACD/RSI, and potentially on CMF/MFI.
Overbought RSI.
We are still in bull momentum.
We are at very important resistance.
Market can be irrational, but I would be careful going long at this point, would rather wait or short till 200 support.
Note : After long price move in one direction, potential reversal can be seen with slowing growth and bigger volume. This signal is in this chart.
Any comments appreciated, thanks !
Divergences on MACD/RSI, and potentially on CMF/MFI.
Overbought RSI.
We are still in bull momentum.
We are at very important resistance.
Market can be irrational, but I would be careful going long at this point, would rather wait or short till 200 support.
Note : After long price move in one direction, potential reversal can be seen with slowing growth and bigger volume. This signal is in this chart.
Any comments appreciated, thanks !
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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.