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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.