$SPY Regains the 30 Week SMA
Updated
Looks like 
SPY “May” have put in a higher low on this weekly chart. Today it has moved over the 30 Week SMA and is touching the bottom of the 40 Week SMA. It has also recaptured the 10 Week SMA. “IF” it can get up and over the $410 area, I think it makes a good case for the low is in. All TBD. Just sharing thoughts here. This is not a trading idea, at least on its own. Thanks for looking.
SPY “May” have put in a higher low on this weekly chart. Today it has moved over the 30 Week SMA and is touching the bottom of the 40 Week SMA. It has also recaptured the 10 Week SMA. “IF” it can get up and over the $410 area, I think it makes a good case for the low is in. All TBD. Just sharing thoughts here. This is not a trading idea, at least on its own. Thanks for looking.Note
I can also see what could be called an inverse head and shoulders pattern. (To late to mark it up on this chart)
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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