Market has acted out exactly as assumed in the previous SPY post. Please refer the previous post for more details
There is a divergence on the %D of the stochastic on the D chart.
Price exactly bounced off from MA(50). Now stuck between MA(50) and EMA(15), converging. So I assume it will be an exposive move.
On W chart, EMA(15) is offering resistance.
Thanks for reading. Happy Trading.
There is a divergence on the %D of the stochastic on the D chart.
Price exactly bounced off from MA(50). Now stuck between MA(50) and EMA(15), converging. So I assume it will be an exposive move.
On W chart, EMA(15) is offering resistance.
Thanks for reading. Happy Trading.
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.
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.