The SPY (ETF tracking the S&P 500) has just broken upward from a clearly defined short-term descending channel identified by the Adaptive Trend Finder (ATF) indicator. This indicator automatically detects the current dominant trend (here at 150 periods) with high relevance, as evidenced by the strong correlation highlighted by the indicator.
Prices are currently moving towards the Hull Moving Average (HMA), which acts as a dynamic short-term resistance. A confirmed close above the HMA (blue line) would strengthen the bullish scenario.
Fractals validated by the Williams Fractals Ultimate indicator also support this rebound, indicating a potential reversal towards the median line of the long-term channel defined by ATF (1200 periods).
Monitor the relative volume (RVOL), currently low, to confirm the bullish recovery. An increase in volume would strengthen the conviction of a sustained upward movement.
Prices are currently moving towards the Hull Moving Average (HMA), which acts as a dynamic short-term resistance. A confirmed close above the HMA (blue line) would strengthen the bullish scenario.
Fractals validated by the Williams Fractals Ultimate indicator also support this rebound, indicating a potential reversal towards the median line of the long-term channel defined by ATF (1200 periods).
Monitor the relative volume (RVOL), currently low, to confirm the bullish recovery. An increase in volume would strengthen the conviction of a sustained upward movement.
The trend is your friend, until it's not...
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The trend is your friend, until it's not...
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。