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inco1
11 Jun 2017 pukul 22.02

$spy weakening trend short term downside  Singkat

SPDR S&P 500 ETF TRUSTArca

Huraian

higher time frame is showing defined uptrend with indecision
mid time frame is showing range bound action/distribution
it also shows a break of first uptrend line and a false breakout towards the resistance area of first trend line and price broke down through the second trend line which shows a weakening of the trend
bounces off the third trend line which is also the .618 retracement level back into the range
rsi is showing negative divergence and volume is showing selling pressure
lower time frame shows a break of the downtrend line into resistance area of 243.5x
worth monitoring price action-possibly break resistance area and moves towards resistance of second trend line in mid time frame and move back down
Komen
ehaerim
I got it!
ehaerim
What is the timeframe of each chart?
Lebih