SPDR S&P 500 ETF TRUSTPanjang
Positive Momentum Divergence Forming
SPY is reaching a technical level where it is starting to form a positive momentum divergence.
Let's remember the relief rally which took the price back to the support levels under the Moving Averages, this is usually known as a "back to normal" on an ongoing Bear Market. I don't expect this to actually go to the reach the previous high levels, I expect more of another relief rally that can take the prices to test the resistance, and once the divergence is fully formed it can go back up to the Moving Average levels.
Let's remember the relief rally which took the price back to the support levels under the Moving Averages, this is usually known as a "back to normal" on an ongoing Bear Market. I don't expect this to actually go to the reach the previous high levels, I expect more of another relief rally that can take the prices to test the resistance, and once the divergence is fully formed it can go back up to the Moving Average levels.
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.