Bullish indicators:
The near-term high volume support area of SPY indicates (at the moment) that support is holding.
Near-term Stoch also is close to oversold.
If support holds then a 80% up day (on NYSE) would confirm bullish trend and set-up for a retest of highs. (Go long if this happens for a reduced-risk play. AKA - buy on dip recovery.)
Risks:
A *close* below 183.4 would negate bullish bias. Expect a fall to channel low - maybe 180.
Investors could freak out on Russia - but this is unlikely. From high VIX readings fear is already worked into the market for downside protection.
The near-term high volume support area of SPY indicates (at the moment) that support is holding.
Near-term Stoch also is close to oversold.
If support holds then a 80% up day (on NYSE) would confirm bullish trend and set-up for a retest of highs. (Go long if this happens for a reduced-risk play. AKA - buy on dip recovery.)
Risks:
A *close* below 183.4 would negate bullish bias. Expect a fall to channel low - maybe 180.
Investors could freak out on Russia - but this is unlikely. From high VIX readings fear is already worked into the market for downside protection.
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.