Bullish divergence on ONE hour chart for SPY
On Jan 1st , SPY gapped up as I guessed in my previous idea. However, price went down sharply filling the previous gaps.
Though price came down , I see Stochastic RSI indicator going up. I see it is bullish divergence , so expecting SPY would go up further
Though price came down , I see Stochastic RSI indicator going up. I see it is bullish divergence , so expecting SPY would go up further
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.