SPY: there are dozens of factors to consider when comparing these setups individually and trying to cross reference them gets a bit muddy but let's try...
- in 2007 we see the 200ema respected on the initial test, 2018 it was not, it initially failed and was reclaimed
- After the bounce on the 200ema in '07 we see the money cash money flow (CMF) index increasing...
Yet another index that is showing it's true colors. We're are very close to another financial turmoil here in the states. Be prepared to capitalize on this drop and do not be blindsided. Please do not listen to Kramer when he tells you to "Buy Buy Buy!!!"
Thank you for your time and God bless you all!
