SPDR S&P 500 ETF TRUST
Long

SPY Divergence - Bullish Comeback?

120
SPY is showing quite a significant bullish divergence on the Daily timeframe. This appears to concur with a potential double-bottom formation. We also see the RSI beginning to poke up through it's moving average:

snapshot

Alongside this we see a Rug Pull target on the 4h timeframe of the ES1! S&P futures ticker.

snapshot

Rug-pull events on this ticker have seen a great degree of accuracy over the past few years, as seen below:

snapshot

This rug-pull target alongside strong divergence on the higher timeframes indicates a high probability the markets will trend towards the upside in the near future.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.