SPY monthly - counter trend rally with a bearish bias

18 ก.พ. 2019

Market rallied nicely for the past several weeks but from long term perspective, it is not a buy until a higher high breakout.

22 มิ.ย. 2019

บันทึก

About to break out of the box to the upside, but still needs to be confirmed. Still be cautious as MACD and RSI are not confirming.

7 ส.ค. 2019

บันทึก

back into the box. RSI and MACD still bearish looking.

9 ม.ค. 2020

บันทึก

Safely to say it is out of the box and on the rise. The plan for this year is going to buy any dip around 10 month moving average, until technicals become unsupportive, like monthly MA turning down, RSI below 50, MACD negative, etc.