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JeremiahBarlow

Dip-Buyers need more Momentum

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
JeremiahBarlow Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators Chart Patterns
8
3
trendanalysis indicator chartpattern
It just seems that there needs to be more MOMENTUM if the dip buyers are going to prevail. I personally think we are going down a little more before we resume the uptrend. (Maybe a week or two)
Comment:
New highs and still no momentum. This weekend (3/14/2021) is crazy stimulating spending from the US government, but we shall really see how injured this economy is. At this point I am still short the SPY and RUT. The pent-up demand in the US economy is on par with the Joe Biden's pent-up energy level and charisma ! ( There is NO pent-up demand! )
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