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finvizclub

SP500 Ending the trading day above the 20MA

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
finvizclub Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Beyond Technical Analysis
1
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trendanalysis chartpattern beyondta
The previous two days of selling after a mini gap down was concerning to see and I was anticipating some quick downside to the 50MA. However, after today's trading action and bounce off the 20MA I'll be looking to see this momentum continue to the upside.
Trade closed: stop reached:
Broader markets are selling here with Asia and Europe both in red. This means SP500 can travel lower from here.
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