📊 What technical indicators confirm SPY crossovers?

Several technical indicators can confirm SPY crossovers, providing additional insights into the market's direction. Here are some common indicators that can validate SPY crossovers:

1. **Moving Average Convergence Divergence (MACD)**: The MACD indicator can confirm the strength of a crossover. When the MACD line crosses above (below) the signal line, it reinforces the bullish (bearish) signal of the crossover.
2. **Relative Strength Index (RSI)**: The RSI can indicate the momentum behind a crossover. An RSI below 30 suggests oversold conditions and can validate a potential reversal after a bearish crossover, while an RSI above 70 suggests overbought conditions and can validate a potential pullback after a bullish crossover.
3. **Bollinger Bands**: Bollinger Bands can provide additional context to SPY crossovers. When the price moves outside the upper or lower Bollinger Bands, it can indicate an overbought or oversold condition, respectively, which can confirm the validity of a crossover.
4. **Stochastic Oscillator**: The Stochastic Oscillator can also validate SPY crossovers. A reading above 80 suggests an overbought condition and a potential pullback, while a reading below 20 suggests an oversold condition and a potential reversal.
5. **Resistance and Support Levels**: Confirming SPY crossovers with resistance and support levels can provide additional validation. When the price tests and fails to break through a resistance level after a bullish crossover, or when it bounces off a support level after a bearish crossover, it can confirm the validity of the crossover.

By combining these technical indicators with the moving averages themselves, traders and investors can gain a more comprehensive understanding of SPY crossovers and make more informed trading decisions.