The SPY finally had its long-awaited correction with a 2.12 percent drop last Friday (see reuters.com/article/us-usa-stocks-week/caution-after-wall-street-caps-off-worst-week-in-years-idUSKBN1FN00L).
In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A, and finally breaking through B. In both scenarios I'm expecting a sideways/bearish movement for the next days.
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"Letting losses run is the most serious mistake made by most investors." - William O’Neil
In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A, and finally breaking through B. In both scenarios I'm expecting a sideways/bearish movement for the next days.
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"Letting losses run is the most serious mistake made by most investors." - William O’Neil
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.