Don't Ignore This Chart

S&P 500 ETF Recaptures the 50-day

The S&P 500 ETF (SPY) broke below its 50-day moving average on Monday, but moved right back above on Tuesday. This moving average held from December to early June. SPY broke below in late June, but quickly recovered and recaptured the moving average. It looks like another battle is taking shape as SPY bounces at this key average for the fourth time since December.

 Click this image for a live chart


Would you like to receive email notifications whenever a new article is added to this blog?

Get new article notifications  
comments powered by Disqus