If SPY does not break the resistance and start heading down, I would expect price crossover with 75 moving average. That'll be the confirmation to sell and we'll know that SPY will be trending downward. So far, volume has been weak as indicated using momentum indicators in VMA.
MACD is shows weak trend with bearish momentum.
DMI is peaking weak bearish signal.
We'll expect bearish movement soon.
Might expect dead cat, might not. I'd presume things would start heading down next week.
It has been bull so far. This may be the bearish correction we've been looking for. Plus, everyone's screaming bear so it's really hard to miss lol.
MACD is shows weak trend with bearish momentum.
DMI is peaking weak bearish signal.
We'll expect bearish movement soon.
Might expect dead cat, might not. I'd presume things would start heading down next week.
It has been bull so far. This may be the bearish correction we've been looking for. Plus, everyone's screaming bear so it's really hard to miss lol.
Daily shows volume undertraded as indicated in RSI and S.RSI as VMA.
We opened today with a gap, one thing that's looking to be filled.