khboker

Spy getting interesting on the monthly chart

BATS:SPY   SPDR S&P 500 ETF
177 3 0
Monthly chart with 14 RSI and 10/20 MA
ETFInvestingIQ
3 years ago
Thx - nice chart! Very obvious that a deeper correction is overdue.
But I trade only what I see :-)
As we broke the old high from 2007/10 (157 in SPY) I don't prepare for such a deep correction like 2008 / 2009. If a correction starts now, I am expecting a correction to 140, but I don't know when this could happen.
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khboker ETFInvestingIQ
3 years ago
I have to agree, I think this fall we will have smaller pullback, then move higher later in OCT, as with most years, It will be interesting to see how long this bull can run.
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isitpossible
3 years ago
Please take a look at this:
snapshot


Next 3-4 months shall reveal where we are headed, which incidentally coincides with US Debt ceiling debacle early next year...
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