Today the ice was retested on the Spy with volume after the Ice was broken 2 days ago. Today's 50 ema slowed down the possible drop down to $442 . Using resistance for taking profit on the way down.
Real simple cup and handle, and trendlines. Today it made a move from the 4ema and increased volume. Look for a pull back before it moves on.
The head and shoulders pattern popped out when I looked at The chart. The trend lines and support and resistance lines Help to make the pattern.
RSI is on track with BReaking Resistance. lots of other resistance to break before We can finish at 15,702.
This is a good introduction trading on divergent RSI by Anki Gupta. www.slideshare.net
If you double click on the trend line the settings will give you Range of that trend line. This is a good introduction into RSI Divergence by Ankit Gupta.https://www.slideshare.net/AnkitGupta108/trading-divergences
1. RSI 2. RSI Divergence calculated 3. Trend Lines 4. Chart pattern
RSI Divergence support and resist Triangle Needs some break out volume.
1. RSI divergence is long. 2.Aroon is long. Now if it will just bounce up off of suport.
FibMA's looking good and there is not a sell indicator. I have Fibonacci levels on the diagonal and resistance marked. The volume is not there yet, volume precedes price. So I'm going to be a believer with some good stops.
LENDETH Possible Double Bottom. Currently testing the 200 EMA and strong resistance. Beginner TA trade responsibly.