A SPY look at SMA support and resistance
You can see how the longer term SMAs are affecting the support and resistance of the SPY here. Just a slight hurdle to clear the resistance and resume the uptrend. Still a possibility that the resistance will hold at a higher level but the previous two days held support and I would Anticipate that might continue. The resistance holding could lead to another retest of support though :^)
You can see how the longer term SMAs are affecting the support and resistance of the SPY here. Just a slight hurdle to clear the resistance and resume the uptrend. Still a possibility that the resistance will hold at a higher level but the previous two days held support and I would Anticipate that might continue. The resistance holding could lead to another retest of support though :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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