CosmicDust

SPY - long term trend may have turned - 1/28/2015

AMEX:SPY   SPDR S&P 500
spy
Only two trading days left for January. If the Fed is willing to fix the market (like someone coming out and say something...), the time is NOW!
What if this leg forms the second bounce as you display on the second of both trendlines. I don't think there is a clear confirmation yet.
Reply
CosmicDust MikeLloyd
Yes, it is possible. If the price cannot go back above the trend line by the end of the month, especially if it is closed under 10 month MA, I would bet further weakness rather than a future bounce. Even in an established downtrend market, there will be powerful counter trend rallies.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out