SPY is at a 3-year-old upper resistance line at ATH.
RSI and MACD have negative divergences, which indicate possible weakness and a potential cooling with an expected drop of the index.
Possible cooling down to the 0.5 FIB retracement of the last wave, which would be very desirable and healthy for a further stronger rise of the stock market and the index.
Advance decline line is at ATH, which is very bullish because it shows the strength of the index and indicates that there is still room for growth.
Overall bullish, but cooling is needed, which I estimate with 80% certainty due to the above-mentioned factors
RSI and MACD have negative divergences, which indicate possible weakness and a potential cooling with an expected drop of the index.
Possible cooling down to the 0.5 FIB retracement of the last wave, which would be very desirable and healthy for a further stronger rise of the stock market and the index.
Advance decline line is at ATH, which is very bullish because it shows the strength of the index and indicates that there is still room for growth.
Overall bullish, but cooling is needed, which I estimate with 80% certainty due to the above-mentioned factors
Consistency is the key of success....
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Consistency is the key of success....
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.