AlexandreFF

My opinion on SPY interesting to see.

BATS:SPY   SPDR S&P 500 ETF
341 4 0
Even tough EMA got crossed, the stock has a possibility to go down the bounce back on the rsi support. I believe a small short can be placed. Even tough 21 MA may also give a nice support. The prices seem also very flat for now. I could have placed a resistance at ~177. Furthermore this resistance was beaten. I don't play with SPY             for now, i don't bet on feelings, i'm don't have a cristal ball. What i can tell you is that investors don't know what to do for know as prices, have been quite flat.
Ruby
Market Direction Prediction.
goldgal
3 years ago
They be runnin it up for Options Expiration end of this week then they sell this pig off but what a run
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AlexandreFF goldgal
3 years ago
I agree with you gal, also if you check the all time S&P 500 we already passed the H&S neckline break. Even tough crisis isn't finish !
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Technician TOP AlexandreFF
3 years ago
According to your parameters, price is flat (in consolidation) but within uptrend. Accordingly, a trend-follower would continue to long this market until a downside breakout prove it wrong.
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AlexandreFF Technician
3 years ago
Thanks technician always great to have your opinion !
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