Get started
Deftsuo

Don't be fooled by a dead-cat bounce off of the 200 weekly MA.

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Deftsuo  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) deadcatbounce Bearish Patterns bearmarket bearishdivergence Stocks
5
8
trendanalysis chartpattern indicator spy deadcatbounce bearish bearmarket bearishdivergence stocks
As I high-lighted in my previous post about the SPY, I anticipated a move down to the 200 weekly moving average after breaking the 100 weekly moving average and a key support zone, and that is exactly what happened. If there was a logical place for a dead-cat bounce, the 200 weekly moving average would be it. If price can steadily climb up back above several key moving averages and hold them as support again, I will change my stance. As of right now, I remain bearish.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.

Previous SPY analysis:
SPY breaks the 100 weekly MA and a key support level.
FTX US: ftx.us/

Sign up for Binance US here: www.binance.us/?ref=35000668
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.