Short/Mid Term Analysis
- As long as SPY‘s 20-EMA is rising and the price stays above that EMA, we want to give the benefit of the doubt to the buyers
- The up-gap from 9/13 was filled yesterday and the filled-gap is acting as support this morning (more on the gaps on the last video)
- The bottom indicator is now showing a “bullish cross” acknowledging and supporting the sentiment of the rising 20 EMA
- Looking for the indicator to retest the top of the channel
Read more at : https://www.investing.com/analysis/spy-shortmid-term-analysis-200344436
