BATS:SPY   SPDR S&P 500 ETF TRUST
350 views
1
SPY keep it simple

Comments

-----update .....caution going forward ...... SPY is still bullish, the only concern I have is that price is too far away from the 50 MA and we have a CMF negative divergence, candle pattern is still relatively bullish.Let's see what happens this week....
Reply
So what is your expectations? I'm entering short position and trying to analyse as many ideas as possible.
Reply
nmike charttrader
I don't see any shorting opportunity on a weekly frame, but I would start taking some profits here.Major resistance and weak money flow are the only concern.
Reply
Algokid nmike
I like your analysis . Some people are expecting a major downturn and others are very bullish. We are approaching very strong resistance, yet we can see the " golden cross" not only on the SPY , but also on the VIX. Don't know where the markets are going , but I'm slowly reducing my exposure in my RRSP account ( CDN version of IRA).
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out