Wednesday, February 24, 2016
20 Day Average Offers Support
SPY gapped down today and momentarily broke below the 20 day moving average. Not for long. Strong support kicked in.
SPY fell as low as 189. 32 before rebounding up to 193.53. It closed at 193.20, up 0.88.
Three day test of the high tomorrow. A break above the 195 level could see a surge running to 210. Failure at 195, back down to the lows.
Post a Comment
Post Comments (Atom)
REAL ESTATE PLANNING
COMPREHENSIVE FINANCIAL PLANNING
Information provided in this blog is not meant to be a recommendation to buy or sell any investment product. Nor should it be construed as financial planning or investment advice.
Be sure to consult your professional advisers before implementing any ideas suggested.