SPDR S&P 500 (SPY)

[risk on]

SPX Chart w D50/ D200....Must See

I normally ONLY use SPY , and I don't mess w D 50 and D 200 that much, but I know many do. This SPX chart is huge IMO, because it would of shown on Thursady a decent chance at fail, because price Thursday not only ran into the D50 , it hit the D50 and D200, as they were combined, and had been for days prior. Whenever lines of note combine and ride on top of each other, it's always time pay attention, because the power of S or R is amplified on the two being combined. In this case a Major Fail on the combined DMAs