This looks like when the %R pokes up on the weekly, or down, it marks strong moves on the SPY.
Here we can see a possible top forming, although geopolitical and central bank situations affect everything, there seems to be a correlation this past year or so.
It will be interesting to see how this plays out, posting for my reference and what does anyone that sees this think?
Here we can see a possible top forming, although geopolitical and central bank situations affect everything, there seems to be a correlation this past year or so.
It will be interesting to see how this plays out, posting for my reference and what does anyone that sees this think?
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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.