$SPDR S&P 500 ETF (SPY.US)$ I honestly don't understand this...
$SPDR S&P 500 ETF(SPY.US$ I honestly don't understand this huge pump, nothing has changed. the only thing I can think of is they're messing with the American people LOL
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Hashira : wait for the dump
Mightyhuat : Ya i believe this is a huge trap to close off all the short sellers
TradesJ Mightyhuat: when do you think the dip will come again ?
Mightyhuat : The overall market trend is still downward trending. You can see the trend by plotting the highs and lows. Also, if you include the indicator for EMA 20, 50, 200 on NDX, the 20 EMA line has crossed the 50 EMA line in Jan 2021. That’s the signal that the overall market direction is turning bearish. The 50 EMA is about to cross 200 EMA soon, most likely a matter of few days. That’s a sign that it’s bearish.