Looks like 
SPY “May” have put in a higher low on this weekly chart. Today it has moved over the 30 Week SMA and is touching the bottom of the 40 Week SMA. It has also recaptured the 10 Week SMA. “IF” it can get up and over the $410 area, I think it makes a good case for the low is in. All TBD. Just sharing thoughts here. This is not a trading idea, at least on its own. Thanks for looking.
SPY “May” have put in a higher low on this weekly chart. Today it has moved over the 30 Week SMA and is touching the bottom of the 40 Week SMA. It has also recaptured the 10 Week SMA. “IF” it can get up and over the $410 area, I think it makes a good case for the low is in. All TBD. Just sharing thoughts here. This is not a trading idea, at least on its own. Thanks for looking.Nota
I can also see what could be called an inverse head and shoulders pattern. (To late to mark it up on this chart)
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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.