frodo75

Time to test the 200 Daily SMA

שורט
frodo75 מעודכן   
AMEX:XLF   SPDR Select Sector Fund - Financial
Divergences in the momo indicators. I am thinking a deep pullback to 200 Daily SMA, the red MA on the chart. Nicely lines up with SPY in the previous idea. Either all of these indexes will honor the divergences or none will. What do you think?
הערה:
SPY set a new ATH today. XLF could only muster a higher high and higher low. Not bad for a bullish move considering how heavy these divergences are. One of two has to happen - either SPY and XLF turn down or they continue their upward journey. Given today's action, I am inclined to upside. Tell you why - we are in an exceptionally bullish environment today. None of the patterns and setups on bear side work anymore. Unless there is a confirmation to the downside, do not bet bear.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.