LLY & COST Weekly
Next week we'll learn if this shooting star above Bollinger Bands is a top signal, it usually is.
The Stochastic is trying to draw a bearish crossover.
Ely Lilly is one of the non-tech Mega Caps that are in the top 10 of the $S&P 500(.SPX)$
Always worth a watch.
$SPDR S&P 500 ETF Trust(SPY)$ $Vanguard Total Stock Market ETF(VTI)$
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In the latest edition of the Trading Compass published yesterday (access in profile), I mentioned LLY and COST as examples of non-tech mega-caps that are showing exhaustion and signals of a top.
We'll learn next week the outcome of the latest shooting star at the top of the Bollinger range + RSI bearish divergence.
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https://x.com/SmartReversals/status/1804853565896155264
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