Skipper86

Concerns about over extension are going away

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
The 200 day MA is curling up as fewer and fewer price data points are below it as the Covid crash gets put further behind us with the passage of time. Over extension was a concern in 2020 but with the moving average curling up to a slope greater than price is rising and with over extension leveling off, it is no longer an immediate concern.

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