SPY DIVERGENCE
Updated
You can see there was momentum going up as price went down which created the bottom and now rising price of SPY. This indicated there was going to be a breakout which there has been but I doubt it will go over the next resistance.
I can’t show you in this post but if I scroll out you could see the FIB levels of the overall swing high/swing low
The past support now resistance level is coming and the 50% fib level is inside which could be a good shorting point
I will be shorting 451 if RSI is oversold and stoch crosses under to 441
I can’t show you in this post but if I scroll out you could see the FIB levels of the overall swing high/swing low
The past support now resistance level is coming and the 50% fib level is inside which could be a good shorting point
I will be shorting 451 if RSI is oversold and stoch crosses under to 441
Note
stoch staying strong no short taken
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.