Madrid

Up, Down, Up, Down, Up ...

AMEX:SPY   SPDR S&P 500 ETF
114 0 1
Feb03:Up,Down,Up,Down,Up ... Choppiness within the 198-206 range since this range was set on January 5th. Oil             has bottomed so far, and this could be a game changer. But until this is confirmed and it breaks either above or below this range, we can expect more range trading weeks.
The Trend indicator is positive meanwhile the Momentum indicators are negative, Negative Momentum on Positive Trend = Stop or consolidation. Which is what is confirmed by the Overbought/Oversold indicator on its 50/50 level. And finally the Accumulation/Distribution is at its top with no move to either side.
So unless there is a strong trigger, the market seems to be consolidating around the 198-206 range.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out