User: Violet: Indices: slopechart_SPY.jpg

slopechart_SPY.jpg

This week SPY came to rest in the middle of the Cloud, with doji candle, closing a little lower than last week.  
For context, note the Blue trend lines.  
One by one, these long term support uptrends have been broken - 2020, 2009, then 1996.

Image added via SlopeCharts
slopechart_SPY.jpg

Comments

VioletViolet
If price closes the monthly chart under the blue lines, it will be headed toward the purple. 
12/24/22
VioletViolet
12/24/22
Maxx2000Maxx2000
@Violet A lot of times the first doji in a series is a continuation doji. Those can be really powerful too. Went short HD Fri at the close on that basis. 12/24/22
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