Triple Moving Average Crossover" chart pattern formed on SPY:NYSE.
SPY is in an established trend (bearish).
In the triple crossover method, when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event.
SPY is in an established trend (bearish).
In the triple crossover method, when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event.
Comment:
at 389 we face we must realize that the down trend continues and we have not yet reached the bottom my estimate is 340 short term andi if the dummies running the country don't cut taxes and spending we could see numbers in the 2....
Trade closed: target reached
