KazmiSyed
Panjang

spy long swing

AMEX:SPY   SPDR S&P 500
68 2 4
long
Hi,

Yeah the pattern you are mentioning is called High wave.
You can google it.
I still see why the market dropped irrespective of what fundamentals did.
You can easily see it on macd and price action.
Macd was going lower while price higher.
#aktrades
Balas
Hammer and three doji. The doji look like spinning tops (green, green, red). Last doji engulfed the previous two doji down and the previous week. During the past week, the bears won. There was a tech sell-off this week. The oscillator looks negative for next weekk. Maybe the sell-of is over and you're right, we go higher next week. To be honest, fundamentals have been driving the charts lately, not technical indicators. Sentiment is still very, very positive. Momentum is up. Good luck on the long!
Balas
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