18 August, 2019
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SPY SPDR S&P 500 ETF Stock Charting
Study SPDR S&P 500 ETF Stock chart with GMMA.
See chart, picture worth a thousand words.
The chart shows two crashes, in in 2018, and one in 2019. Let’s study this chart different from our last analysis for QQQ, although they have a similar pattern.
From a recovery stand point, SPY took nearly seven months to reach back the same high. And another three months to go higher after a strong pullback. See chart.
Add GMMA indicator, and study the price action and GMMA.
Manage your risk.
Trade with your eyes open.
Price Action retest the high after crash
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.