• SPY is doing a Shooting Star candlestick pattern today;
• If triggered, this could lead us down to the next support area around 3,760, near the 21 ema;
• This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13;
• In this scenario, any bullish reaction above the support would be an excuse to buy;
• What could frustrate this bull trend? If the index loses again the support, along with the 21 ema. In this cse it might seek the 3,645 again, or even lower support levels;
• For now, let’s pay attention to this Shooting Star and to the support at 3,760 area.
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• If triggered, this could lead us down to the next support area around 3,760, near the 21 ema;
• This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13;
• In this scenario, any bullish reaction above the support would be an excuse to buy;
• What could frustrate this bull trend? If the index loses again the support, along with the 21 ema. In this cse it might seek the 3,645 again, or even lower support levels;
• For now, let’s pay attention to this Shooting Star and to the support at 3,760 area.
Remember to follow me for more analyses!
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.