SPY Market Breakdown - July 21st, 2020
As always please do your own research, I am not a financial advisor.
- Looking at the 2-Day chart of SPY, Major Divergence on the RSI
- Many trader think we've already seen the top, but we haven't even seen a retest of all-time high SPY prices yet.
- I'm thinking this red zone (marked distribution) is a good sell off zone, not only because it's the previous ATH price, but tops out because of the absence of buyers above there
- Trends tend to continue and currently we are on the path to retest ATH then from there we will re-evaluate.
- I expect the market to hit a new high around September-October , before the election , then the crash will begin to try and destroy the economy for the 2nd time.
As always please do your own research, I am not a financial advisor.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.