Replies to post #40096 on SPDR S&P 500 (SPY)

[GLENO34]

I almost said that in my post..You are right and it happens a lot..But it is the best loss you can have usually..We have not closed a 60 min Bar below the 60 min 15MA all day..We are now at the 60 min 20MA..So will be interseting to see..Just eyeballing the chart, it looks like a bearish formation..but it doesn't take much to chang the formation..so guess we see..