play4trade
Short

$SPY Retracing back to leg start... Wont be easy

AMEX:SPY   SPDR S&P 500
191 4 2
Watch momentum on smaller time frames... Remember... Longer time frame still in control... first touch bounces will go to test support lost... priming it for a large bounce as we drift near leg start... Overall picture very bullish , but short in the intermediate term.
algo angles suggest that if we blow the 20 day sma... after a short bounce off it... the selling will be more energetic than you suggest. Be careful
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play4trade stockSMASH
I haven't used moving averages in over a decade... But I appreciate the heads up... This should work PERFECTLY as I drew it... Usually does...
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danistock play4trade
just curious, why don't u use MA as indicator ?
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play4trade danistock
Not helpful
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