SPY regains but still in bearish zone

Od ratchet-mint
SPY bounces back after Friday sell off, still inside downward trend

  • comparing against 1h and 2h timeframe we see that ema remains below sma for both
  • This also holds true for RSI between 1 and 2h. RSI remains remains below sma
  • stock remains inside the downward trend after bounce back


SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
emacrossoverMultiple Time Frame Analysisrsi-emaSPDR S&P 500 ETF (SPY) Support and ResistanceTrend Lines

Powiązane publikacje

Wyłączenie odpowiedzialności