marketwhale

marketwhale

40wma , similar to 200sma. Held support. Now need a bounce

marketwhale

holding 200ma well. If this line starts trending up. Good things will happen for bulls

marketwhale

41.76 is the number. Would be hugely bullish off fresh lows

marketwhale

Held 40wma last week and this week. A green weekly candle would be first in a while.

marketwhale

Based on hourly we are still not oversold yet. 189 then 190 possible tomorrow or Fri

marketwhale

has not closed over the 200hourly moving average since mid march.

marketwhale

Oversold short term. Could test 200hourly moving average, before dropping again. Last time it broke below this level (January 2nd), it spent nearly 3 months moving lower. Expect Lower prices.

marketwhale

Daily RSI still above 40. Plenty of room to fall to new yearly lows.

marketwhale

Pretty oversold per RSI. Could come a bit lower, but last time it was around 30 rsi it rallied hard. Long yesterday around 2.36. Willing to add more around 2 if we get there.

marketwhale

Similar action to right now. Will need to see a move down to around 200sma, a lower high and then fall out and stay out of trend lines

marketwhale

Different perspective here. Still has some room to downside

marketwhale

Topping Out since '09 low to recent high. Will post the last bull market trend as well.

marketwhale

@TraderRL23 Isn't this a bearish outside month in $SPY?

marketwhale

Failed last week at the 10wma. Expect more downside per other failed tests.

marketwhale

Weekly looks terrible. Sliced through 10wma. Next stop 25wma then 30wma. 182 and 180ish......Over last few years those have been great buying opportunities. Good luck!

marketwhale

The next red wave is just starting......

marketwhale

sub 23 should happen this week at this rate

marketwhale

After a decent bounce from 21-24 the next wave of downside is just starting