Was looking at tech stocks and noticed some bearish divergence there on shorter term time frames. Checked SPY for any similarities and noticed this...
I think its notable because its a long-term chart with multiple RSI peaks since 2018. If this holds true, one possible scenario is that SPY may hit either a double top, or slightly higher all time high this fall,...
AMEX:SPY
First post. Looking for input...
My read of the situation:
- Western world is guaranteed for 2-3 weeks
- Tourism and travel has ground to a halt
- A reduction in travel typically means reduction in commerce
- Public will go into survival mode and will reduce / stop spending, and large, frivolous, and/or luxury purchases are almost out of the...
