TomPip
Long

SPY Possible reversal after closing at Low Of Week (LOW)

AMEX:SPY   SPDR S&P 500 ETF
spy
136 5 4
spy
I saw an interesting chart a while back on TV from a user whose name i can't remember anymore. The user showed that when a week closes near or at the Low Of Week (LOW) it has a high probability of reversing the next week. Not a general rule, but i think it was ES/SPY specific.

I'm not taking nor holding any position with SPY             . I also don't see it making a new ATH             and i have a short bias for all indices at the moment. Just a thought i wanted to share.
that red candle is disastrous
TREND chnage

Getting Tight
+1 Reply
TomPip ChimbOt
Pretty much, yes.
Reply
will see a relief rally/ dead cat bounce up to 204-205 next week
+1 Reply
TomPip YoungMula
Hopium that too to get a better entry :-)
Reply
TomPip YoungMula
I guess market will watch Asia to set the mood for next week.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out