Technical analysis by bluesky509 about Symbol SPYX: Buy recommendation (8/29/2023)

Desmond's Reversal Signal Activated with ADL Support Hey folks, Quick heads up! I've noticed a 'Desmond's Reversal' signal getting triggered on our chart. This typically hints at a potential turnaround in the price trend. What's more encouraging? ADL finally pushing back above its 21-Day Moving Average (21-DMA). This signals that buying pressure might be outweighing selling pressure, further supporting the reversal. And let's not forget a push above the 50-DMA. Keep an eye out and trade safely! Check out my public posts!