Indeks S&P 500Singkat
SPY- Retrace Complete
Back Testing Ascending Channel.
Running into Horizontal Resistance
At the resistance of Spy Tops ( Light Blue)
With the Market Cycle Conditions and seeing the confluence of resistance all coming int at this area, I would say that this bounce is all but played out. I would expect to see the selling to resume shortly. When we do reverse I would expect us to hit 274 on the next selling spree.
If this resistance does not hold then I would expect the next resistance to hold, which would be the inner channel resistance (light green)
Running into Horizontal Resistance
At the resistance of Spy Tops ( Light Blue)
With the Market Cycle Conditions and seeing the confluence of resistance all coming int at this area, I would say that this bounce is all but played out. I would expect to see the selling to resume shortly. When we do reverse I would expect us to hit 274 on the next selling spree.
If this resistance does not hold then I would expect the next resistance to hold, which would be the inner channel resistance (light green)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.