Test_Monkey

Time to keep some money on the sidelines for future buying?

AMEX:SPY   SPDR S&P 500 ETF TRUST
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4
Logarithmic-linear regression including +/- 1 and 2 standard deviations.
- We are over 2 standard deviations extended above the trend line .
- MM indicator is ‘throwing red’ signals
- RSI above 60 has historically anticipated red months.
It may be time to keep some powder dry for future discounts

Comments

Good advice. Stonks only go up crowd can't fathom a red candle.
+1 Reply