CosmicDust

SPY monthly - an interesting line - 3/27/2015

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Spotted this red line today and I thought it is interesting as it marked last two crashes once breached. It will be very interesting to see if this time is different. I think we should know it soon because RSI is RIGHT on it now so it will have either bounce up or push down soon.

Comments

one thing: MACD is still under death cross!
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CosmicDust jangseohee
Right - it is -0.5398 (I use default MACD settings). Since last November to now, RSI and MACD have been weakening, and price action was not strong either (was not able to break through $213 level for the past 4 or 5 months). So April should be interesting... but I tend to think more all time highs are still very likely barring Lehman type of catalysts...
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