SPY Technical Analysis Into 1/7

TrendSpider_Jake

Junior member
Messages
34
Likes
0
1. The price has moved up to almost perfectly test the SMA (20) in the middle of the megaphone channel. The other two times this happened, the price eventually broke to the upside to test the trendline above or just below it.
2. The Vortex indicator VI- is converging towards the VI+ which has shown about two more bullish days after the cross before a reversal.
3. The MACD continued to have a bullish crossover with the bearish kiss on Thursday a bear fakeout.
SPY Jan 5.png
4. The Williams %R is breaking out through the resistance Trendline above with more upside left.
 
Top