We are looking at another afternoon fade here, and the temptation is to figure “here we go, again.”
I am keying off the 20-period moving average on the 30-minute timeframe of the SPY to see if we can hold this area into the bell.
We were riding outside the upper Bollinger Band and reverted back to the middle band (20 period moving average on any given timeframe). So, if this is just a technical pullback before we go higher instead of a major reversal, I am looking for the 20 period to hold on this timeframe into the close.
Watch it.
_______________________
Is that your bed? 😉
When I saw that pic and the bedside photos – this is the first thing that popped into my head:
Mommy’s alright, Daddy’s alright, they just seem a little weird.
Surrender, surrender, but don’t give yourself away, ay, ay, ay.
When I woke up, Mom and Dad are rolling on the couch.
Rolling numbers, rock and rolling, got my Kiss records out.
Those pictures really do stand out. Something about that detail that is ‘NOT’ quite right.
😉
Chess, you really need to stop hanging out with those Russian girls.