🔸️Ticker Symbol: SPY🔸️Timeframe: 4 Hour🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: SPY on the 1 H timeframe is still overall trending in a bull regression channel based on the past 300 candles. We did have a decrease in value after Powell spoke the other day, but I want to draw your attention to our bottom dashboard indicator. You will notice that our white line which represents money momentum is actually shifting higher in the market while the price of the SPY is decreasing. This typically indicates that this current trend could be short lived and that a reversal can be inbound. If we do stay in this trend and we get an added confirmation on our bottom dashboard indicator shifting from a red middle line to a green middle line meaning bull market momentum this could present a great entry to play the spy long. Thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: SPY on the 1 H timeframe is still overall trending in a bull regression channel based on the past 300 candles. We did have a decrease in value after Powell spoke the other day, but I want to draw your attention to our bottom dashboard indicator. You will notice that our white line which represents money momentum is actually shifting higher in the market while the price of the SPY is decreasing. This typically indicates that this current trend could be short lived and that a reversal can be inbound. If we do stay in this trend and we get an added confirmation on our bottom dashboard indicator shifting from a red middle line to a green middle line meaning bull market momentum this could present a great entry to play the spy long. Thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.