$SPY TOP 20
Added 2023-05-14 20:14:57 +0000 UTCI suppose there is only so many times I can say that there is no updates here to this $SPY chart. It has been moving sideways since the 17th of April now.
It is staying below the top blue line and outside of the wedge but likewise, the 50 Day MA is behaving as a shadow support line and continues to stay below the price action.
The RSI and MACD paint a different picture completely....the MACD especially is showing that it has already started its momentum change to the downside and this is the 4th time in a row that this is happening.....also the RSI is showing a downward trend too. So it is relevant until some event comes along and completely changes this course....for now, I am leaning to the downside, at least for the short term.
