SPY formed 2 diamond patterns as seen in this hourly chart. It formed slight RSI positive divergence near the Oct low. However, this divergence may still get lower to reach 3500, an impt Fibonacci level, more so if the CPI report come out higher tomorrow.
Weekly wma 200 still the line in the sand.
The next major catalysts this week are Thursday”s CPI data & bank earnings. Start of earnings season will
usher in more volatility next week due to the fear of earnings recession.
Not trading advice
Weekly wma 200 still the line in the sand.
The next major catalysts this week are Thursday”s CPI data & bank earnings. Start of earnings season will
usher in more volatility next week due to the fear of earnings recession.
Not trading advice
注释
Market dumped & pumped today which is not unusual for Diamond patterns.
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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。