• 6 hours The Next Fashion Frontier
  • 1 day What Is Africa’s Role In The New Silk Road?
  • 2 days Trump Was Right About The Dollar
  • 2 days Is Silver Gearing Up For A Rally?
  • 2 days World’s Largest Hedge Fund Turns Bullish On Gold
  • 2 days It’s Time To Spend More On Clean Energy R&D
  • 3 days Contrarian Investors Are Beating The Stock Market
  • 3 days Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
  • 3 days Amazon Faces European Union Anti-Trust Probe
  • 3 days Commodities Are Having A Stellar Year
  • 4 days Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
  • 4 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
  • 4 days Tesla, Apple Claim China Is Stealing Intellectual Property
  • 4 days EV Giants Duke It Out For Battery Dominance
  • 5 days Tech Billionaire Takes Aim At Google
  • 5 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 5 days Expect A Pullback Before Gold's Next Major Rally
  • 5 days Why Interest On Gold Matters
  • 6 days Ten Extravagant Food Items For The Wealthy Only
  • 6 days Why Saudi Arabia Won't Give Up On The Aramco IPO
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Spy Decision Emminent!

Below is a Daily Chart of SPY. I would like to point out a few observations, starting with the two rising wedges that take a little imagination but bare with me.

Watch the lower trendline going forward specially when we are passing a potential 6 month cycle top noted on the chart with two dashed vertical lines.

Along with that 6 month cycle high, take notice of the teal resonation, you can't get much better for some of the textbook cycles that need watching.

These are just 2 cycles labeled just to give you a taste, there are at least a dozen more here that I will leave out for now.

Next take a look at the MACD indicator at the bottom, currently sporting a bearish divergence but still above the zero line.

This chart should give two options here, one bullish and one bearish. Does not get much better than this. One further note, the 50 day and 200 day moving average can't even compare to this type of analysis.

Always keep an open mind and prepare for the worst in any trading decision you make.

SPY Daily Chart

 

Back to homepage

Leave a comment

Leave a comment