Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Day Chart is being used for this post!
It looks like a good start to the week on the SP500 index. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB), and the price has come down from the top of it many, many times since December 2020. But it has not been stat under the middle BB for a long time. So the price may move back down, but with the RSI is over the SMAs, this may be a small pullback, and the angle pointing up may help push it higher in days and weeks to come.
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Day Chart is being used for this post!
It looks like a good start to the week on the SP500 index. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB), and the price has come down from the top of it many, many times since December 2020. But it has not been stat under the middle BB for a long time. So the price may move back down, but with the RSI is over the SMAs, this may be a small pullback, and the angle pointing up may help push it higher in days and weeks to come.
I would love to hear what you think about this post!
Happy trading, and thanks for reading.