nmike
Short

SPY >>>>short term BEARISH

BATS:SPY   SPDR S&P 500
296 3 2
SPY             has broken a 4 month channel and it has already reached the first FIB.level which also happens to be a support area .If it doesn't hold this level,the next target is the 140.21 FIB.level which also happens to be a support area .
SHORT TERM BEARISH means that the daily is BEARISH but the MONTHLY is still BULLISH .We have to wait until near end month to see what kind of candle pattern has developed. A close below the bottom CLONE channel would very bearish .This analysis is supported by a WEEKLY NEGATIVE DIVERGENCE.
SPY falls below yellow channel then tests the bottom boundary of the yellow channel,attempt to get back in fails and then falls to the bottom of the CLONED channel.
If SPY can clear the 143.21 FIB resistance,next target is the top of current channel.....may the CLONES be your friends....
Reply
...back above support
Reply
Followed.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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