iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

The Next Level on This Game

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The morning sell-off was short-lived this time, as buyers arrived to defend the 50-day moving average on the S&P 500 Index.

On the ETF for the S&P, observing the 30-minute chart below, I am keying off $185.10 to see if the move sticks.

Note how that level also coincides with the 20-period moving average on the 30-minute chart.

If the bounce does have legs, a few names which have held up well are: BAS FANG Z 

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SPY

 

 

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