SPX - Relief rally soon?
Key highlights:
1. Bounced off weekly demand
2. Closed just above 50MA on weekly
3. Bounced off weekly support level
4. Formed a high volume Hammer on weekly
5. Formed a bullish engulfing on daily
6. Trying to reclaim 200MA cluster
7. RSI oversold on daily and is curving back upwards.
Conclusion: Expecting a relief rally in the coming week.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
1. Bounced off weekly demand
2. Closed just above 50MA on weekly
3. Bounced off weekly support level
4. Formed a high volume Hammer on weekly
5. Formed a bullish engulfing on daily
6. Trying to reclaim 200MA cluster
7. RSI oversold on daily and is curving back upwards.
Conclusion: Expecting a relief rally in the coming week.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.