SPX Daily Bollinger, testing my ATH trend line, failed to prop the index higher today. Since Octobers drop, the Bollinger has reflected a reversal in price action 2/2 times it has come in contact with the ATH trend line.
Daily Momentum is still lingering near 40y highs, meanwhile Decembers bounce has zero backing in volume, with volume dropping lower everyday. This trend is very similar to past SPX distribution trends in bear market bounces.
Both the 120Min & 180Min MACDs are floating near peak resistance.
Meanwhile, NFLX is trying to hold ATH Daily Momentum levels, with similar MACD levels as SPX.
SPX Money Fund is getting ready to test support in the next two days,
Short entry is encouraged through the mid 263 range, which would be the current location of the daily Bollinger. Topping patterns tend to chop around a bit on low volume before a direction is chosen. With my oscillators elevated at levels not seen since the mid 1980s, I would say its a solid short to the 248-250 level.
SPY
Daily Momentum is still lingering near 40y highs, meanwhile Decembers bounce has zero backing in volume, with volume dropping lower everyday. This trend is very similar to past SPX distribution trends in bear market bounces.
Both the 120Min & 180Min MACDs are floating near peak resistance.
Meanwhile, NFLX is trying to hold ATH Daily Momentum levels, with similar MACD levels as SPX.
SPX Money Fund is getting ready to test support in the next two days,
Short entry is encouraged through the mid 263 range, which would be the current location of the daily Bollinger. Topping patterns tend to chop around a bit on low volume before a direction is chosen. With my oscillators elevated at levels not seen since the mid 1980s, I would say its a solid short to the 248-250 level.
SPYPesanan dibatalkan
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.
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.