As I high-lighted in my previous post about the SPY, I anticipated a move down to the 200 weekly moving average after breaking the 100 weekly moving average and a key support zone, and that is exactly what happened. If there was a logical place for a dead-cat bounce, the 200 weekly moving average would be it. If price can steadily climb up back above several key moving averages and hold them as support again, I will change my stance. As of right now, I remain bearish.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Previous SPY analysis:
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Previous SPY analysis:
Pernyataan Penyangkalan
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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.