SPDR S&P 500 ETF TRUSTUpdated Market Color Risk-On
As we were going up the last two weeks we were seeing exactly the same colors just like before the prior two drops. (purple)
Yesterday we finally saw a short term reversal signal. (blue)
I think it is time to tighten your stops, or do some risk management.
On the other side, we have not seen weak internals as we saw the two prior drops (red).
This would be the time to take a full hedge.
Yesterday we finally saw a short term reversal signal. (blue)
I think it is time to tighten your stops, or do some risk management.
On the other side, we have not seen weak internals as we saw the two prior drops (red).
This would be the time to take a full hedge.
Note
Add to this the big selling of FAANGMAN stocks going on in Dark pools:
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.