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.

130820spy
 Click this image for a live chart

|

Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!
comments powered by Disqus