SPY on the verge of return to mean (5% dip pending)
RSI/6day SMA crossed over into oversold territory on April 9th. If history repeats itself, there’s a 1-7 TRADING day window for correction to mean.
I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump.
Based on volume, I think we see SPY drill to the ~395 range. There’s absolutely no support down below. Will there be a catalyst? Time will tell.
I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump.
Based on volume, I think we see SPY drill to the ~395 range. There’s absolutely no support down below. Will there be a catalyst? Time will tell.
Publikasi terkait
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.