The $SPY is in a very trying area.
The last 6-7 times we moved at/below the 50 moving average, we were able to bounce back up to new highs.
Bulls needs to reclaim the $419 area. If we can't bounce from this level, would not be surprised if we see $412 and $405-406.
The last 6-7 times we moved at/below the 50 moving average, we were able to bounce back up to new highs.
Bulls needs to reclaim the $419 area. If we can't bounce from this level, would not be surprised if we see $412 and $405-406.