spy rsi bounce zone march reversal indicators

$SPY 60 min chart RSI at 19 is the bounce zone from late March You can see 👀 the first bounce was a fake then on the second bounce from below 20 on RSI the reversal started On the first bounce RSI hit 50 but didn't turn it into support Notice on the second bounce RSI held 50 That's something to watch this week RSI above 50 would be a bullish sign MACD 8,13,5 is at the second bounce zone on the 2nd March as well as MACD 12,26,9 but the 12,26,9 dipped lower on the second bounce Fast STO is at prior bounce levels A difference on this dip is the indicators hitting oversold from a strong position 💪 Currently hitting 200 SMA at 738.36 key 🔑 level to hold with 300 & 400 SMAs below In March price was below all moving averages during the March dips If the 200 SMA fails the 300 SMA at 723.95 is the next target $SPX $ES_F $VIX $VXX