SPY at key level; TD Sequential=9 Against the Bollinger Band.

Very quick post here. The bollinger band on default settings is suppose to contain some 95% of price action and being at the top can signal limited upside. The TD sequential often ends a trend at 9 or 13 so this is kinda a risky place to be be. The red arrows show where you could have made a decent entry in a day or swing trade, at least, and the blue show where you could be taking a small loss with some decent stop management.
My linked post shows how I thought SPX might be setting a lower high and in that post my alternative scenario would be retesting the open of 2020 as resistance, and here we are. IF we can get past the Bollinger band , increasing rate of COVID deaths , the TD printing a 9, and the 3 day MACD bearish divergence we could start a new uptrend and change my bias.

My linked post shows how I thought SPX might be setting a lower high and in that post my alternative scenario would be retesting the open of 2020 as resistance, and here we are. IF we can get past the Bollinger band , increasing rate of COVID deaths , the TD printing a 9, and the 3 day MACD bearish divergence we could start a new uptrend and change my bias.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
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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.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
İlgili yayınlar
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.