SPY-Sharp weekly reversal points to a retest of 200 day MA

SPY 213.28 bearish – Sharp weekly reversal points to a retest of 200 day MA at 205.43

SPY sold off sharply last week after reaching an all-time-high at 219.60 (August 22, 2016). Near term, the weekly downside reversal points lower to unwind the overbought condition. Further weakness from the 213.28 new 8-week low area (September 9, 2016 low) would open the 200 day moving average at 205.43 (1st support) for a retest. Below lies the higher low at 198.65 (June 27, 2016, 2nd support), near the long-term rising trendline from March 2009 low. The support zone is likely to contain the corrective weakness.

However, back above the 219.60 area would signal resumption of the bullish momentum and expose the long-term upside target at 220.82 next.

Daily: bearish
Weekly: bearish
Monthly: neutral
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
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 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
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出