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07/27/2024 Weekend Update
07/27/2024 Weekend Update
Down 2 weeks in a row, the next week has 63% chances to close up.
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Re: 07/27/2024 Weekend Update
Thank you, Cobra and the Board.
Cobra's Weekend Updates have been reliable. and the daily timeframes seemed to suggest green shoots by the end of this week.
Cobra's Weekend Updates have been reliable. and the daily timeframes seemed to suggest green shoots by the end of this week.
Re: 07/27/2024 Weekend Update
SPY daily.
Sto down.
MACD down.
EMA 20 down. EMA 50 flat. EMA 100 up a bit.
The last candle has a higher open and a higher close. It's an inside candle.
Downward pressure still rules, in the short term.
The pullback has been stopped for the second time on this descent.
My bias is still somewhat bearish. We need some bullish candles to change that.
Have a good weekend.
Sto down.
MACD down.
EMA 20 down. EMA 50 flat. EMA 100 up a bit.
The last candle has a higher open and a higher close. It's an inside candle.
Downward pressure still rules, in the short term.
The pullback has been stopped for the second time on this descent.
My bias is still somewhat bearish. We need some bullish candles to change that.
Have a good weekend.
Charts posted are not recommendations. They are just a sharing of information.