christian.langfors

SPY - IS IT TIME FOR ANOTHER BLOW OFF SELLING EVENT

AMEX:SPY   SPDR S&P 500
60 0 2
/ES ( SP500             fut.) has dropped like a stone in the deep sea over night (currently at time of writing ~1,5%).

SPY             closed already yesterday below lower Bollinger Bands on the daily chart and if the market opens & closes at another -1,5%, we are way below the lower Bollinger Bands .

By looking at the historical SPY             charts, I'd say there is quite good odds for another blow off selling event, leading to a strong rebound. IF there will be such an event, it is obviously impossible to say from where it will/could rebound but personally I will look what happens when RSI (14) get lower to that 30-level.

Nothing in the price action in the SPY             daily chart wants me to go long. ....and perhaps that is the best bullish sign there is ;-)

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out