SPX Bounce or Death on RSI and Moving Mode
Cập nhật
The SPX is repeating a scenario that we have witnessed before. While history doesn't always play out the same, it often plays out very similar.
Firstly, the RSI has remained overbought far longer in this instance than the previous and as a result, it is retracing farther and faster than the previous instance.
The break of the 50 period moving mode signalled the end of the overbought conditions where the long volume finally dropped off as upward progress became slow.
$2800-2900 will most certainly become a mid-long term resistance and we can expect a large, volatile new trading range between 2100 and 2800 and pictured below.
I will post an idea after this that provides a reference for the progress within this range.
Happy Trading to my followers.
Your feedback is always appreciated and considered in every post.
Firstly, the RSI has remained overbought far longer in this instance than the previous and as a result, it is retracing farther and faster than the previous instance.
The break of the 50 period moving mode signalled the end of the overbought conditions where the long volume finally dropped off as upward progress became slow.
$2800-2900 will most certainly become a mid-long term resistance and we can expect a large, volatile new trading range between 2100 and 2800 and pictured below.
I will post an idea after this that provides a reference for the progress within this range.
Happy Trading to my followers.
Your feedback is always appreciated and considered in every post.
Ghi chú
Here we GO! Volatility incoming.Ghi chú
Bounce it is!Ghi chú
:)Ghi chú
Bounce on point.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.