S&P 500 ETF is displaying a reversal pattern where, the stock is overbought on RSI and Stochastic. Moreover, a bearish pin bar is apparent and connected with a previous swing high in the chart (trend line). In addition, MACD is making lower highs (may turn bearish soon).
Entry is at the potential retest of the Bollinger band as a resistance.
Exit is at the bottom of the Bollinger bands (support level)
Entry is at the potential retest of the Bollinger band as a resistance.
Exit is at the bottom of the Bollinger bands (support level)
💥 Free signals and ideas ➡ t.me/vfinvestment
Penafian
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💥 Free signals and ideas ➡ t.me/vfinvestment
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.