Upcoming week bullish... Hope im wrong.
Nota
The idea behind this analysis is that there's a strong bullish price movement that will eventually lead up to 280. If you were to look at DMI, stoch RSI, and CCI points I've referenced on Jan. 04th, these points indicate that there is a reasonable price movement/trend that will swing upward; raising SPY up to 1.25% from 254.86. We can expect the same thing next week as of current price movement. Currently, DMI+ suggests that price is strong and ADX is pointing upward (DMI- is losing momentum).When it reaches 280, I will be buying a put as there will be a strong divergence to short. My entry will be when CCI reaches 0 and downward and DMI plus and negative crosses for change in price trend.
Nota
The trend looks relatively strong. Should you were to look at weekly, momentum for bull is still ongoing.
While I am still bearish and believe that there's a correction due, it will not be until couple more months or so.
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.