SPY officially over the 50 dma. Very interesting that it
was as Matt and Steve say, "extended from its 9 ema" and had to
rest three days before convincingly launching over the 50 dma.
Another analyst I followed, noted the technique so as not to
try and break resistance levels while extended and risk failing.
Very fascinating!! These target levels are as well.
Would like to hear Matt and Steve's thoughts on the weekend.
Have a great one everybody.
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SPY officially over the 50
Posted by erikvik on 17th of Apr 2020 at 04:00 pm
SPY officially over the 50 dma. Very interesting that it was as Matt and Steve say, "extended from its 9 ema" and had to rest three days before convincingly launching over the 50 dma. Another analyst I followed, noted the technique so as not to try and break resistance levels while extended and risk failing. Very fascinating!! These target levels are as well. Would like to hear Matt and Steve's thoughts on the weekend. Have a great one everybody.