S&P 500 ETF (SPY) Market Analysis (65-Min Chart): Market tanks at the last hour today losing more than 2% on all sectors today. Is this the end for the bulls? Bears preparing to make new lows? Any hope for the buyers?
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*Why 65-Min?
There are total of 6 hours and 30 mins of trading sessions each day. If you set it as an ‘hourly’ chart, the last hour candle will be consisted with only 30-min worth of data. So, to make all candles equally proportioned, set it to 65-min.
*DISCLAIMER: This information is for educational purposes and is not a investment recommendation nor to be representative of professional expertise, but to be used as a forum for opening discussions around trading. All examples and analysis used herein are for illustration purposes only, and of the personal opinions of the speaker. All examples and analysis are intended for these purposes and should not be considered as specific investment advice.
#SP500 #INVESTING #STOCKMARKET
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