Greetings everyone,
(Key Takeaways) - (MONTHLY TIMEFRAME)
This
SPY chart dating back to the date it was listed on the market back in 1993 gives us a wider point of view of the market.
Overall the sentiment is still bullish-long. However, the next couple of months can be bloodbaths.
Easy to say we are a bit over-extended? The smallest white trendline (2017-NOW) is showing signs of weakness.
Possible downward move towards $416.00 in the next couple of weeks.
The longer white trendline shows a possible 100 point loss down to $340.00.
Keep in mind we are entering earnings season so the risk is very high.
(My sentiment)
Bearish - Short term
Bullish - Long term
(Key Takeaways) - (MONTHLY TIMEFRAME)
This
SPY chart dating back to the date it was listed on the market back in 1993 gives us a wider point of view of the market.Overall the sentiment is still bullish-long. However, the next couple of months can be bloodbaths.
Easy to say we are a bit over-extended? The smallest white trendline (2017-NOW) is showing signs of weakness.
Possible downward move towards $416.00 in the next couple of weeks.
The longer white trendline shows a possible 100 point loss down to $340.00.
Keep in mind we are entering earnings season so the risk is very high.
(My sentiment)
Bearish - Short term
Bullish - Long term
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.