milan819

milan819

www.tradingview.com The SPY is getting squeezed between a flag covering 435-439 range. It closed Oct 7 right at 20-day MA 438.66/74. This is also right on the descending red short-term trendline. Prior day it closed right on its 9-day MA at 435.19/49, which is right on the yellow trendline serving as bottom/support to the long-term trend channel of yellow...

milan819

S&P showing mixed signals in 2nd half of July. Price trend up but the MACD is on the weak side of its trendline looking negative, and RSI is near the top of its usual range, indicating not much upward movement left. In 6 of last 8 years, August was a poor-performing month for S&P. 2 trendlines show support with a 2.3% drop and 4.7% drop from here at 4355. ...