My anaylsis of the $SPY.
You can see the 5 and 10 day MA have crossed.
Rational below:
- This is indicator #1. ( I have a MA crossover trigger script)
- Buying volume has slowed over the past few weeks, and selling volume increased.
- Stochastic oscillators have been up for record highs.
- RSI has been at peak position, which is great, but we have not had a slowdown after the October pullback
- MACD crossover is complete.
I suspect we will now slowly test 202, or go sideways. I don't suspect we will rebound very quickly, and it will be a slow tickle back up. This is a needed retreat of the indices.
Rational below:
- This is indicator #1. ( I have a MA crossover trigger script)
- Buying volume has slowed over the past few weeks, and selling volume increased.
- Stochastic oscillators have been up for record highs.
- RSI has been at peak position, which is great, but we have not had a slowdown after the October pullback
- MACD crossover is complete.
I suspect we will now slowly test 202, or go sideways. I don't suspect we will rebound very quickly, and it will be a slow tickle back up. This is a needed retreat of the indices.
Feragatname
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