* When SPY touches or closely approaches a daily value near but NOT below the 3% mark below the 70-week sma...lasting price action below the 3% mark below the SPY 70 week SMA is extremely bearish only while it lasts .. most SPY intraday corrective lows over the decades do NOT violate the 3% mark below the 70 week SMA for dividend adjusted SPY price action
got it? Do not act on AAPL daily weekly or monthly charts in isolation
only lazy and/or uninformed investors make risk vs. reward decisions in isolation to the market's technical environment
how about it?
and FYI ...this is posted at Glen's IHub board and Jim Kurtz's IHub board already by me for SPY 3% mark below the 70week SMA ... a very savy technician pointed out this repeated chart event to me over a decade ago
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