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jeffdees
19.9K posts

jeffdees
@jdees357
Store Link: https://t.co/x9pWWz9Qra
United States Katılım Ekim 2013
1.3K Takip Edilen1.3K Takipçiler

@TrendSpider Clearly and Convincingly expressed through your chart! Great Work.
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First and only Select hanger box I’ll buy. Four repeats in 20 cards not great @CardPurchaser


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@EricNMoody Yes with AJ Green as my WR2. Carried me through the championship.
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@NFL_DovKleiman Oh just roll right those shoulder shrugs because that's what we all do.
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$SPY
S&P 500 analysis 💛
Looking at the daily chart of the S&P ETF - the $SPY it is important to note that ALL eyes 👀 are on the 200DMA (daily moving average)
Since so many funds follow it, and retail investors, technicians, and algos do, then it becomes its own self fulfilling prophecy of importance when so much credence is put into it
Personally, I think it’s not as important as most make it out to be, as I have seen many instances where a “watched pot never boils”. In that analogy, I’ve seen markets stop short of it and undercut it and do a lot of things to fool most of us before the real move occurs
But since I see many pundits on financial TV and many fintwit accounts posting about it I will play along
Two things are at an apex in this momentary juncture, which is the downtrend I highlighted in yellow - and u can see that price is tight to that line as price is also consolidating ever so slightly just below the 200DMA
So simply put, a break of this downtrend would be a bullish start and would likely coincide with reclaiming the 200DMA which sits around 661 in the $SPY
The RSI at the very bottom has shown a very long protracted downtrend as well, until it finally hit the low part of the range. It has reacted to that extreme low and has bounced at that lower band. The RSI is well “reset” to help such a bounce continue. MACD is also well reset and starting to curl and signal a potential bullish crossover which would then add to some momentum if a bounce can sustain itself
The market has become very NEWS driven at this fork in the road shown by the charts, so it’s almost looking for news that can get it going thru the technical analysis laid out above. It’s my belief that we reclaim the 200DMA soon which would then lead to a test of the 50DMA which is sitting around 🎯 $680 (the green moving average on the chart)
Tricky market, but this too shall pass
Much love 💛🍌🍌🍌

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$ONDS #ONDS Compressed like a spring at the volume shelf into the most important Earnings Call in the history of the company tomorrow.
Grab your popcorn.

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