AMEX:SPY   SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS
Ill make this quick.

We created bearish divergence over the last days of trading. (light blue)

The last impulse yesterday high a very high volume of about 15 minutes before the market closing, where high volume is normal. This to me could make it a valid high volume topping bar.

Remember our daily Stochastics are primed and have crossed yesterday.

The total retrace so far has brough us up into many of those major resistances previously deiscuessed.

We have retraced to the .50 Fib level on this dead cat bounce.

We are within an ascending wedge currently, which typically break to the downside. Possible Breakout to the Downside level of support: 257

If the institutions havent been able to sufficietly get thier positions switched over yet, then they could try to continue to prop price up, for liquididty. At, some point they will be pulling out when they are sufficiently short, with little up risk.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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