SPY bounces back after Friday sell off, still inside downward trend
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
- comparing against 1h and 2h timeframe we see that ema remains below sma for both
- This also holds true for RSI between 1 and 2h. RSI remains remains below sma
- stock remains inside the downward trend after bounce back
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
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.
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.