1) SPY attempting to re-enter old formation (pink-dotted line), reaches
the 50SMA, bounces off and fails to touch the upper b-band. this would
lead to a long awaited reverse to the new formation line (bold red line).
the 50SMA, bounces off and fails to touch the upper b-band. this would
lead to a long awaited reverse to the new formation line (bold red line).
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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.