BATS:SPY   SPDR S&P 500 ETF
338 4 1
charttrader PRO
4 years ago
So what is your expectations? I'm entering short position and trying to analyse as many ideas as possible.
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nmike MOD charttrader
4 years ago
I don't see any shorting opportunity on a weekly frame, but I would start taking some profits here.Major resistance and weak money flow are the only concern.
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Algokid PRO nmike
4 years ago
I like your analysis . Some people are expecting a major downturn and others are very bullish. We are approaching very strong resistance, yet we can see the " golden cross" not only on the SPY , but also on the VIX. Don't know where the markets are going , but I'm slowly reducing my exposure in my RRSP account ( CDN version of IRA).
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nmike MOD
3 years ago
-----update .....caution going forward ...... SPY is still bullish, the only concern I have is that price is too far away from the 50 MA and we have a CMF negative divergence, candle pattern is still relatively bullish.Let's see what happens this week....
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