I'm going bearish on this one here.
Today was unexpected price action in SPY, at least for me.
Based on my trendline analysis SPY is topping out at resistance with many factors going against it.
1) Stochastic shows price action extremely overbought
2) Spy has been trading in very low volume for the last few days
3) Price action is 7% above 200ema (looking back at previous highs before a pullback 7% has been the upper limit
I am extremely curious and excited for next week and see if my analysis continues to support my thesis.
We may potentially see an evening star on Monday.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在
使用条款阅读更多信息。