Bullish Divergence (double bottom)

19 thg 5, 2022

SPY forming a potential double bottom on 2022-05-19 at 389 with targets ema50 cross and 444.44.

• RSI bullish divergence (yellow line)
  
• DJI index forming potential "abandoned baby doji" (3-day reversal pattern)
  
• Very bearish mainstream news sentiment, including minus 10-18% predictions by big banks in recent days
  

26 thg 5, 2022

Ghi chú

EMA cross target is hovering around 420 (blaze it).

26 thg 5, 2022

Ghi chú

"Successful tape reading is a study of force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side." - Richard Wyckoff

31 thg 5, 2022

Ghi chú

ema 50 cross target achieved