schabacker_idol

Topping out. CCI overbought for 8 days in a row.

Penjualan
AMEX:SPY   SPDR S&P 500 ETF TRUST
The CCI has never been overbought for 8 days in a row this year. Now the candlesticks show momentum loss. Percentage gains without real accumulation is never a good sign because when it starts swinging in the other direction it often falls hard. I wouldn't be surprised if we went down to 256 before SPY started making new all time highs again. This could take some time to play out and there are so many catalysts that could send the market up to new ATH again without any real fall as well. I'm not saying this with certainty, I'm just pointing to some technical signs that shows what a good short opportunity this could be.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.