SPY breaks another upward trend
SPY has broken two upward trends in this recent rally giving less momentum each time it breaks
We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.
- Ended old upward rally on Sept 23, going into new rally with reduced momentum
- The latest rally has now been broken again
- MACD very close to going into a bearish sell off
- RSI breaks below the 50 line
We may expect SPY to trade flat for a little bit of time in the distribution phase of its rally cycle, before the bears take hold.
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.