SPY regains but still in bearish zone
SPY bounces back after Friday sell off, still inside downward trend
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
- comparing against 1h and 2h timeframe we see that ema remains below sma for both
- This also holds true for RSI between 1 and 2h. RSI remains remains below sma
- stock remains inside the downward trend after bounce back
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
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