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SPDR S&P 500 ETF TRUST

$SPY Overview - July 21st

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SPY Market Breakdown - July 21st, 2020

  • 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.
kyer
🎯 Join my public cryptocurrency trading channel | t.me/easylootcrypto
此外:
Economic CyclesSPDR S&P 500 ETF (SPY) spylongSupport and ResistanceTrend Lines

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Economic CyclesSPDR S&P 500 ETF (SPY) spylongSupport and ResistanceTrend Lines
kyer
🎯 Join my public cryptocurrency trading channel | t.me/easylootcrypto
此外:

免責聲明

這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。