SPDR S&P 500 (SPY): CCI and MACD. Both are begging to come...

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Re: Greedy G post# 368620

Wednesday, 02/15/2023 8:14:44 PM

Wednesday, February 15, 2023 8:14:44 PM

CCI and MACD. Both are begging to come down if volume won’t hold it. RSI is in the 60s on the daily, which isn’t quite oversold but close and ready to cool. If volume goes nuts tomorrow then it could trigger a bull market type FOMO run, else I think algos will switch to burn those call premiums. It’s a trap both ways so hedging some tomorrow and letting the market decide.

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