TheCoconutty

TheCoconutty

Apple has seen a significant price increase lately after the large drop from the 190s a couple months ago. I believe based on multiple signals we will experience short term bearish dominance which should be expected after a long run upwards.

TheCoconutty

there are multiple signals indicating bearish movement within the next 10 days or so.

TheCoconutty

SPY is approaching a retracement to the 426.00 level before continuing upwards with other bullish confirmations. From the 430s we will see a dip down to the 426 level and then an upward move towards higher end of the 430s.

TheCoconutty

Although some may say the market is tanking, let’s take a closer look. While the monthly SPY chart looks bearish and RSI is overbought, on the lower time frames it’s actually oversold to a level we haven’t seen since October 10th, 2022. On top of this, there is Imbalance in the 436-440 zone of the stock. I believe regardless of long term movement, for the next...