SPY’s shooting star
If you have followed by video, you would have known that there was a bearish shooting star on the daily chart.
Shared this in my video:
“A bearish shooting star candlestick has appeared on the daily chart. This candlestick usually appears after an extended uptrend, and typically signifies price correction is coming.
Bears would want the next candle’s high to NOT exceed the high of the shooting star which is around 417. It should also close below the closing price of the shooting star, which in this case is 412. A lower closing price and red candle on Monday will give a stronger indication that a potential correction is on the card.”
We had that confirmaton candle on Monday, and SPY is pulling back now.
To add on, macd has a bearish cross today.
Subscribe to my Youtube channel if you have not as there will be a new video coming up every weekend. I also cover other stocks such as Tesla, Apple and Google too. Sharing all for free ![]()
Do help to like and subscribe!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Successful investing is about managing risk, not avoiding it. DYODD
Support my YouTube channel: Jay el
5421Followers
45Following
26KVisitors
Follow
102241549 : will it below 400 tdy or next week?
sly foxy blues 102241549: Do you know how to get pivot points on moomoo?
输赢发型不乱 102241549: Let's take a look at Monday's opening first until 4100, and next week 100% will reach 3950
夕阳余晖 : Seeing from your gossip, Master, there's a great chance that a meteor will hit you in the head