Market has acted out exactly as assumed in the previous SPY post. Please refer the previous post for more details
There is a divergence on the %D of the stochastic on the D chart.
Price exactly bounced off from MA(50). Now stuck between MA(50) and EMA(15), converging. So I assume it will be an exposive move.
On W chart, EMA(15) is offering resistance.
Thanks for reading. Happy Trading.
There is a divergence on the %D of the stochastic on the D chart.
Price exactly bounced off from MA(50). Now stuck between MA(50) and EMA(15), converging. So I assume it will be an exposive move.
On W chart, EMA(15) is offering resistance.
Thanks for reading. Happy Trading.
