PepeJTheTrader

Review technical bear case

Kort
AMEX:SPY   SPDR S&P 500 ETF TRUST
few week ago I published a reversal trend playing out on Spy, using 10k as starting value in August contracts at 365, you be up 5x in just a month and a half, congrats

now, the reason I'm tutoring the bear thesis to my claim is review 2 ranges at similar structures; January 3rd 2022- March 30th 2022, looking at the RSI, the matrix used is a hidden bearish divergence, which lead the unfortunate sell off running from April-June 2022.

Now let's re-examine a similar sequence, in the RSI, I plotted another divergence set up, from March 30th-current date, it's a legitimate duplicate to the previous sell off, and investors and swing traders are perfectly setting up the scene for the next wave of sell off, i'm no perma-bear, but I don't think negatively, this is a new opportunistic chance to analyze my thesis and make your own due diligence.


You're outside of your burning home, and i'm offering fire insurance.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.