SPY has finally arrived to the June 17th, 2022 lows to form that double bottom (Yellow Circle). At the close of day on 9/23/22, SPY formed a hammer candle on the daily timeframe right atop the demand zone . On the weekly, SPY hovers closely above the 200 day moving average. Also, I have noticed that SPY has a MACD crossunder on the weekly timeframe . In contrast, there is a possible bullish divergence forming on the weekly timeframe .
As far as Elliott Wave goes, we may have just completed wave 1 of Wave C of the overall (ABC) corrective wave that began at the beginning of the year.
As stated, this is a HHUUUGGEEE level to watch. With Friday, 9/23/22 closing with a hammer candle, I am watching for a bounce here to begin corrective wave 2 within Wave C of the overall (ABC) corrective wave that began at the beginning of the year.
Let's see what happens :)
As far as Elliott Wave goes, we may have just completed wave 1 of Wave C of the overall (ABC) corrective wave that began at the beginning of the year.
As stated, this is a HHUUUGGEEE level to watch. With Friday, 9/23/22 closing with a hammer candle, I am watching for a bounce here to begin corrective wave 2 within Wave C of the overall (ABC) corrective wave that began at the beginning of the year.
Let's see what happens :)
Dennis Butler Jr.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Dennis Butler Jr.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.