Beautiful SPY month reversal candle with month divergence. Are we in long term down trend?
Points to note... volume is still very low.. Unless huge bear volume shows up we have no guarantee
Also weekly trend change did not happen yet..
Points to note... volume is still very low.. Unless huge bear volume shows up we have no guarantee
Also weekly trend change did not happen yet..
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That's as expected with more than expected volatility.
Weekly supports are broken but weekly trend reversals has not yet happened.
I want to see a weekly lower high and then fall below the current lows to confirm bear market.
Weekly supports are broken but weekly trend reversals has not yet happened.
I want to see a weekly lower high and then fall below the current lows to confirm bear market.