SPY: Short/Mid-Term Analysis

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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

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