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yosip1115

SPX/SPY Broke Through Top of 5 Day EMA. Potential Big Bull.

Long
S&P 500 Index (OANDA:SPX500USD)  
yosip1115 Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis
5
0
trendanalysis
Please ignore cup and handle and other meaningless trendlines. For the past week of trading SPY/SPX have been bouncing off of the 5 day EMA repeatedly. SPY bedded down on top at close today (4/2/2020) after dipping down below for the day on 4/1/2020. This could be a very bullish indication.
Comment:
Cup and handle ended up forming perfectly. If you hit the play button on the graph you will see it follow the predicted form nicely.
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