SPY: Approaching the danger zone

2021년 4월 14일

SPY has been performing great in the last few days but can it go any higher? Of course, but after a short break. There could be a week or two of bloodshed beginning next week or just some mellow corrections for a few days.

There are a few indicators that are suggesting this prediction including the lowering volumes, convergent MACD, and sky rocketed RSI. Also, price action is hitting the top yellow line in our uptrend channel.

Simple and easy! Now let's watch and see how things unfold.

2021년 4월 15일

노트

Today's green candle is not invalidating this analysis, but in fact, it's making this chart to look even more prone to a turn-around!

2021년 4월 22일

노트

There we go down!

2021년 6월 3일

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