SPY – We are having a downward thrust, it broke its long term trendline and crossed the middle Bollinger band, therefore there is a negative bias where the RSI and stochastic are embedded and locked to the downtrend. It went through the 50 Moving day average and also the FIBs level 1 support (not shown here). The next support level is the 100 MA at $316, I don’t know how long it will get there unless they sign the stimulus package.
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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.