SPY is showing quite a significant bullish divergence on the Daily timeframe. This appears to concur with a potential double-bottom formation. We also see the RSI beginning to poke up through it's moving average:
Alongside this we see a Rug Pull target on the 4h timeframe of the ES1! S&P futures ticker.
Rug-pull events on this ticker have seen a great degree of accuracy over the past few years, as seen below:
This rug-pull target alongside strong divergence on the higher timeframes indicates a high probability the markets will trend towards the upside in the near future.
Alongside this we see a Rug Pull target on the 4h timeframe of the ES1! S&P futures ticker.
Rug-pull events on this ticker have seen a great degree of accuracy over the past few years, as seen below:
This rug-pull target alongside strong divergence on the higher timeframes indicates a high probability the markets will trend towards the upside in the near future.
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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.