SPY In this 2009 weekly chart, we saw the ff:
1) dma 50 x dma200 (deathcross) also wma20x50
2) price created a low, then bounced up to retest dma200 (wma50) but was rejected down
3) price went down back to retest that low. (The present low was the June low around 3636, a major decision point)
MAJOR RISK AHEAD: Now we have to see this week if SPY will recover 3636. (A slightly lower low may happen probably to 3500 to create a divergence for an oversold bounce)
*a 2009 scenario repeat will see SPY just waterfall thru 3500 to next supports at 3400/3200/3000/2800
*wma 50 will then cross wma200 (deathcross on weekly)
Not trading advice. Proceed with extreme caution!
1) dma 50 x dma200 (deathcross) also wma20x50
2) price created a low, then bounced up to retest dma200 (wma50) but was rejected down
3) price went down back to retest that low. (The present low was the June low around 3636, a major decision point)
MAJOR RISK AHEAD: Now we have to see this week if SPY will recover 3636. (A slightly lower low may happen probably to 3500 to create a divergence for an oversold bounce)
*a 2009 scenario repeat will see SPY just waterfall thru 3500 to next supports at 3400/3200/3000/2800
*wma 50 will then cross wma200 (deathcross on weekly)
Not trading advice. Proceed with extreme caution!
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.