Looking to go short. Waiting for some kind of bearish reversal confirmation. It seems to be putting a blow-off top.
RSI and MACD not confirming highs. Price is testing long term channel resistance.
Its getting ridiculous now.
Chart almost identical (but weaker) to XLY
Although I am going to wait for SPY to put in some kind of a top.
RSI and MACD not confirming highs. Price is testing long term channel resistance.
Its getting ridiculous now.
Chart almost identical (but weaker) to XLY
Although I am going to wait for SPY to put in some kind of a top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.