My anaylsis of the $SPY.
You can see the 5 and 10 day MA have crossed.
Rational below:
- This is indicator #1. ( I have a MA crossover trigger script)
- Buying volume has slowed over the past few weeks, and selling volume increased.
- Stochastic oscillators have been up for record highs.
- RSI has been at peak position, which is great, but we have not had a slowdown after the October pullback
- MACD crossover is complete.
I suspect we will now slowly test 202, or go sideways. I don't suspect we will rebound very quickly, and it will be a slow tickle back up. This is a needed retreat of the indices.
Rational below:
- This is indicator #1. ( I have a MA crossover trigger script)
- Buying volume has slowed over the past few weeks, and selling volume increased.
- Stochastic oscillators have been up for record highs.
- RSI has been at peak position, which is great, but we have not had a slowdown after the October pullback
- MACD crossover is complete.
I suspect we will now slowly test 202, or go sideways. I don't suspect we will rebound very quickly, and it will be a slow tickle back up. This is a needed retreat of the indices.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.