SPY better look
Just to add on to my Spx500us analysis.
Am I seeing a possible hanging man reversal in the daily time frame? The buying pressure in the MACD is staying stagnant above the 0 line. Almost all major S&P are overbought or in the red. so what exactly is making this go up? possibly mid cap to low cap stocks are being traded and Thursday or Friday might be a profit taking day so this might push the S&P 500 a bit lower. Still not seeing a major pull back or correction but we are seeing so much more bearish signals popping up. another one is that major bearish divergence showing in the green arrows on the daily time frame. SPY continues to go higher, but the the MACD Histogram keeps making lower highs.
Like I said before not seeing this as a big correction or an overall bearish market based on the weekly time frame which is showing a healthy uptrend with little to know bearish signals.
Am I seeing a possible hanging man reversal in the daily time frame? The buying pressure in the MACD is staying stagnant above the 0 line. Almost all major S&P are overbought or in the red. so what exactly is making this go up? possibly mid cap to low cap stocks are being traded and Thursday or Friday might be a profit taking day so this might push the S&P 500 a bit lower. Still not seeing a major pull back or correction but we are seeing so much more bearish signals popping up. another one is that major bearish divergence showing in the green arrows on the daily time frame. SPY continues to go higher, but the the MACD Histogram keeps making lower highs.
Like I said before not seeing this as a big correction or an overall bearish market based on the weekly time frame which is showing a healthy uptrend with little to know bearish signals.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.