SPDR S&P 500 ETF TRUSTViés de baixa
SPY shows signs of topping out
SPY hits all time high throwing multiple signals that the rally is coming to a close
We should expect to see a reversal in the near future. The best move to make right now is tighten up stop losses and keeping watching for more bearish signals.
- Following long term trend, we see we are at same resistance as July hit before reversing
- declining volume as recent rally continues gives a bearish signal
- OBV remains flat while price hits higher highs through out September and October
We should expect to see a reversal in the near future. The best move to make right now is tighten up stop losses and keeping watching for more bearish signals.
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