sigmadict
Short

SPY bulls looking for inspiration

AMEX:SPY   SPDR S&P 500 ETF
159 2 1
15 minutes chart showing the story of the day.
Divergences on MACD/RSI, and potentially on CMF/MFI.
Overbought RSI .
We are still in bull momentum .
We are at very important resistance.
Market can be irrational, but I would be careful going long at this point, would rather wait or short till 200 support.

Note : After long price move in one direction, potential reversal can be seen with slowing growth and bigger volume . This signal is in this chart.

Any comments appreciated, thanks !
stockwatch101
2 years ago
We already tested 150 at least 3 times but have not tested the high. I guess it will make new highs before any pull back to 200
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sigmadict stockwatch101
2 years ago
You were right, bull mode is back, let's see the coming week action and I will update post ! :)
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