mandevillean
做空

Getting Complex on Pullback in S&P500 Hourly

AMEX:SPY   SPDR S&P 500
The S&P 500             gapped lower today on the open, but then proceeded to fill the gap and end up unchanged for the day. After filling the gap, the S&P 500             did retest the morning low but did not break it, thereby not confirming the current zone as a swing high (see links to my two previous posts below). The upshot is that, in the hourly chart, we remain in a toppy             consolidation pattern featuring an a-b-c-d retracement in Wave 2 of the downtrend in place since Feb. 27.

Still, the 50 MA is angling downward, and the short-term oscillator is back at an oversold level. Hence, the probabilities still favor the next impulse move being to the downside. That would establish wave 3 in the current downtrend.

But one never knows with the S&P 500             . A solid close above 274.61 (based on SPY             ), along with the angling up of the 50MA, would change the analysis.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出