sometimes she diverges from the broader market,
but in aggregate SPY performance impact seems high
50dma crossing 100dma
cross should complete Monday
expect upward move to $5 or
high $4s as a result. Ideally
see resistance at 150dma
Bullish 50/100 dma cross pending but overbought RSI, elevated CCI, pending bearish MacD cross, lots to room between the 8dma break and 20dma support. Likely a few red days pending on this move downward, with good upside on the related ET(N/F)s.
Heavy retracement last two sessions with few options left to salvage the week for bulls. Good chance of further downside really based on how 'investors' react to various MAs and if there are any catalysts in the key indices.