SPY Rejection on Pitchfork Center
Just messing around with the pitchfork tool. Plugged the midpoint on previous monthly low point, the high at the top point of the monthly chart and the low at the bottom of the weekly trend.
Looks like were do for a weekly higher low and the pitchfork could be an indication of this. It's also about to touch the weekly 26period ema on the weekly and the 12period ema on the monthly.
Any pitchfork feedback is welcome.
Looks like were do for a weekly higher low and the pitchfork could be an indication of this. It's also about to touch the weekly 26period ema on the weekly and the 12period ema on the monthly.
Any pitchfork feedback is welcome.
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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.