it's a really really fucking intense key level. price is in a very tight spread between ma10 ema 21 ma55, if market rally tomorrow, and closed with green candle, we might see that price goes above ma10 and ema21 surpass ma 55 which will lead market to a new rally. but it closed with red candle, then situation is the other way around.
Comment:
spy has been successfully sitting above ma10>ema21>ma55 which emphasis price has really strong strength to keep itself firmly. When price has been drop out from rising wedge, it was suppose to trigger a sell-off, however, since it didn't happen. I will hold on my all of call option and hoping spy gives us some surprise.