SPY Daily. Until it breaks out of this descending wedge
and closes above the 5 Day MA (you can see that is most often it
gets rejected, has been a good area to go short on every rally).
We will not get a sustained bounce for more than one day.
Cash is king right now for me. 80% Cash waiting for
all the dust to clear.
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SPY Daily. Until it
Posted by ssaffer on 20th of Mar 2020 at 03:02 pm
SPY Daily. Until it breaks out of this descending wedge and closes above the 5 Day MA (you can see that is most often it gets rejected, has been a good area to go short on every rally). We will not get a sustained bounce for more than one day. Cash is king right now for me. 80% Cash waiting for all the dust to clear.