SPDR S&P 500 (SPY): Maintained closing above 9 ema, BUT.......

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Wednesday, 05/23/2018 4:15:12 PM

Wednesday, May 23, 2018 4:15:12 PM

Maintained closing above 9 ema, BUT.... if spy doesn’t fall back to test support ( S ) below ( not a big drop, but still a drop) , then it will be the first time I can see that once spy starts any number of legs up during its recovery ( the overall move back toward the point from it’s initial large drop ( feb. ) ) , and price OPENS below 9 ema on any daily candle in that overall recovery trend, then within day / s it has fallen back to a lower level to test S before it’s next leg up of the recovery trend.

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