iBankCoin
Joined Jan 27, 2008
7,103 Blog Posts

The Almighty $SPY Recovers The 200 Day Average Today

The title of this post means absolute shit, but it made for a good headline. Indeed, the $SPY did recover the 200 day moving average, but the $SPX, the actual S&P 500 index is still right underneath the 200 day moving average. We will need a solid week of earnings, else expect to get some resistance here from buyers.

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Here’s a look at today’s MOMO screen. Pick your favorites, it’s still a traders market:

 

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One comment

  1. mrcharlie

    Thanks Cajun, may your cup of $SNAP holdings runneth over!

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    • 0 Deem this to be "Fake News"