Williams Alligator Indicator shows the alligator starting to open its mouth, indicating the presence of bullish momentum.
RSI is at 59.36, indicating SPY is not overbought or oversold, therefore, a drastic trend reversal or price correction are unlikely to occur in the near future.
MACD line has recently crossed over the signal line, and both are moving further upwards from the baseline, indicating the presence of bullish momentum.
Overview: Overall, all indicators suggest that SPY is gaining bullish momentum, therefore, a long position is recommended for at least 2 weeks. Entry price should be set slightly higher than current price for assurance, and stop loss should be set at about -2.5%.
RSI is at 59.36, indicating SPY is not overbought or oversold, therefore, a drastic trend reversal or price correction are unlikely to occur in the near future.
MACD line has recently crossed over the signal line, and both are moving further upwards from the baseline, indicating the presence of bullish momentum.
Overview: Overall, all indicators suggest that SPY is gaining bullish momentum, therefore, a long position is recommended for at least 2 weeks. Entry price should be set slightly higher than current price for assurance, and stop loss should be set at about -2.5%.