Hello everyone! Today i want to share some technical analysis with you!
1.
The divergence between $SPDR S&P 500 ETF Trust(SPY)$ and its constituents above their 50-day SMA keeps growing.
The index is ripping, but breadth is near April levels.
How long can this last?
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2.
$Meta Platforms, Inc.(META)$ daily RSI has dropped below 30 only nine other times in the past five years.
Twenty candles later:
• 56% win rate
• Average gain 14.3%
• Average loss 7.7%
Will we see another oversold bounce here?
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3.
$Datadog(DDOG)$ Old dog still has some new tricks. 🐶
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4.
$Hims & Hers Health Inc.(HIMS)$ The retest we've all been waiting for...
HIMS trading into 2 years of uptrend support.
A dark-themed financial chart from TrendSpider displaying HIMS weekly logarithmic scale price action with green and red candlesticks forming an uptrend from October 2022 to present, a diagonal support trendline connecting lows, a recent price drop retesting the line near 14.50, volume bars at bottom in blue, and a small multi-timeframe squeeze indicator panel below.
5.
Percent above prior all-time highs:
🟢 $SPDR S&P 500 ETF Trust(SPY)$ (S&P 500 ETF): +11%
⚪️ $Invesco S&P 500 Equal Weight ETF(RSP)$ (Equal Weight S&P 500 ETF): 0%
A handful of AI names are carrying the entire index.
Two side-by-side financial charts on a dark background with TrendSpider watermark. Left chart labeled SPY displays green upward candlesticks with price at 608.23 and ATR at 16.23 showing recent gains. Right chart labeled RSP Equal Weight S and P 500 shows red downward candlesticks with price at 181.16 and ATR at 18.16 indicating stagnation. Both include volume bars at bottom and time axis from July to August.
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