Watch for SPY
to follow down to 200 moving average and follow the QQQ
. Nasdaq index has been under the 200 EMA
for almost 3 weeks and looking for the S&P 500
to fall to the same area. Best to be neutral or keep small position sizes if you are long or short. If SPY
breaks and closes below 204 look to add to shorts.
I just took an online trading test that told me my trading IQ
was 89...pretty cool results. Looks like hundreds of traders have taken it too. They even email your results and compare them to other traders.
Check it out: http://www.tradertraininghq.com/test.php