What goes up must come down

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SPY is massively overbought since Jan 24. My new indicator WaveTrend Multi Time Frame Table illustrates this.

Trumps actions start initiated what had to happen anyway. Currently the SPY is correcting from the previous 3 weeks of bull run.

After that the 1D, 1W and hourly charts should be green again (oversold zone) and we could see another bullish sentiment.

Just my 2 cents. Do your own research.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.