SPDR S&P 500 ETF TRUSTSingkat
SPY Downtrend
Telah dikemas kini
The Hazel Heritage Screener alerted me that this week was going to be a bearish one.
Last week we sawSPY reach the untested pivot high of $411.73, which you can see from the solid red lines almost every time we reach a pivot high that has not been tested yet, there is resistance.
In addition to that, SPY bounced perfectly off of the top of the downtrend that was started at the beginning of the year (dashed line).
The last time we saw a combination of those two factors was the week of August 15th and it ended up having a significant drop afterwards.
The Hazel Heritage screener shows me all the symbols in my watchlist which had that same combination happen last week and there you will see SPY, along with GOOGL,
SHOP , & 
META
So with all that being said, I was bearish on SPY this week, anticipating a continuation of the downtrend for the year
Last week we saw
SPY reach the untested pivot high of $411.73, which you can see from the solid red lines almost every time we reach a pivot high that has not been tested yet, there is resistance. In addition to that, SPY bounced perfectly off of the top of the downtrend that was started at the beginning of the year (dashed line).
The last time we saw a combination of those two factors was the week of August 15th and it ended up having a significant drop afterwards.
The Hazel Heritage screener shows me all the symbols in my watchlist which had that same combination happen last week and there you will see SPY, along with GOOGL,
SHOP , & METASo with all that being said, I was bearish on SPY this week, anticipating a continuation of the downtrend for the year
Nota
We got that same combination last week are in for another drop this week!
#4JEAN
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.