top of page
Search

Could the SPY come crashing down?

  • Writer: RevAlerts
    RevAlerts
  • Dec 1, 2024
  • 1 min read


It’s been overextended after a strong rally, with key indicators like RSI showing overbought conditions. Currently in W5 leg with Treverse and EV3 showing excellent footprints on when turns will happen (see chart above!). Waiting on these indicators to fire for confirmation.


Additionally, economic uncertainty, rising bond yields, or upcoming Fed decisions could trigger profit-taking. Markets rarely move in a straight line, and healthy pullbacks often follow extended runs. Let's see what the week brings!


 
 

Results will vary from person to person and depend on a multitude of factors.  RevAlerts are professional charting tools designed to identify possible reversal points on charts.  They are not meant to make any type of trading decision -- that is always at the discretion of the individual user.  All RevAlerts indicators are charting tools that can potentially identify turning points on charts.  The decision to act on any RevAlerts indicator is the sole responsibility of the user, and RevAlerts takes no responsibility on the actions a user may take in any financial market.  Past performance shown here is not a guarantee in any way of future results.  Use of any RevAlerts indicator and all trading activity you initialize is at your own risk.  Use of this site and any RevAlerts indicator is governed by our Terms & Conditions.  If you do not agree, please exit now.

bottom of page