SPY on the verge of return to mean (5% dip pending)
RSI/6day SMA crossed over into oversold territory on April 9th. If history repeats itself, there’s a 1-7 TRADING day window for correction to mean.
I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump.
Based on volume, I think we see SPY drill to the ~395 range. There’s absolutely no support down below. Will there be a catalyst? Time will tell.
I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump.
Based on volume, I think we see SPY drill to the ~395 range. There’s absolutely no support down below. Will there be a catalyst? Time will tell.
