SPDR S&P 500 (SPY) Going Lower | Clear Signals
Updated
Let's take another look at the SPY... I might not get the exact bounce length, but I always get the drop... And this one is dropping.
We see a new all-time high that is shy from a double top... As soon as this high was hit, you can see a break of EMA10, our main support.
With this little information, I can tell you that the SPY is done.
There is bearish divergence on the MACD and RSI, while the bearish volume has gone up...
This is just a friendly reminder...
The S&P 500... Is about to drop.
Namaste.
We see a new all-time high that is shy from a double top... As soon as this high was hit, you can see a break of EMA10, our main support.
With this little information, I can tell you that the SPY is done.
There is bearish divergence on the MACD and RSI, while the bearish volume has gone up...
This is just a friendly reminder...
The S&P 500... Is about to drop.
Namaste.
Comment
Perfect hit...
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