SPY is at a 3-year-old upper resistance line at ATH.
RSI and MACD have negative divergences, which indicate possible weakness and a potential cooling with an expected drop of the index.
Possible cooling down to the 0.5 FIB retracement of the last wave, which would be very desirable and healthy for a further stronger rise of the stock market and the index.
Advance decline line is at ATH, which is very bullish because it shows the strength of the index and indicates that there is still room for growth.
Overall bullish, but cooling is needed, which I estimate with 80% certainty due to the above-mentioned factors
RSI and MACD have negative divergences, which indicate possible weakness and a potential cooling with an expected drop of the index.
Possible cooling down to the 0.5 FIB retracement of the last wave, which would be very desirable and healthy for a further stronger rise of the stock market and the index.
Advance decline line is at ATH, which is very bullish because it shows the strength of the index and indicates that there is still room for growth.
Overall bullish, but cooling is needed, which I estimate with 80% certainty due to the above-mentioned factors
Consistency is the key of success....
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Consistency is the key of success....
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。