Overall bearish:
Overbought, a high MACD and the ETF is going up higher and moving faster that 80% of the underline securities.
Inflation concerns with the Fed meetings on Wednesday and Thursday will likely move the market down.
Bullish:
Hype that SPY is over 400 and memes that it "will reach 420 by 4/20"
Snap went up about 50% this week with its RSI hitting 92 on the daily chart; making it one of the most over bought stock on the NYSE.
Look at locations volume has increased. I don’t think the volume justifies the move up it made. The company only saw a 4% increase in usage from last month but that doesn’t justify its price. It could go higher but I am slowly...
Top of Bollinger Bands. Volume Decreasing. Enhanced social economic and justice problems in the US. Virus infected toll per day had a low of last week and appears second wave could come soon. If not Trump may ask to close back down due to COVID-19. New strain of Ebola Virus. Once Small investors pull out larger investors will stop feel euphoric by this latest bull...
