AMEX:SPY   SPDR S&P 500 ETF
39 1 0
Yes hitting the black line means its buy time. But be careful as you need to have a very tight stop incase if the BLACK support line doesn't maintain support. It would be better if you can hold your greed and wait till it breach the red resistance line for a better long trade.
OK long recovered. Wait till 4 hr chart closes below the black line to go short.
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