Replies to post #61512 on SPDR S&P 500 (SPY)

[GLENO34]

Yep..That is a strong magnate and S/R too boot..

[GLENO34]

We have been bouncing between the 34MA and the 233EMA all morning..The 334MA is moving up and the 233EMA is moving down..Maybe they cross tomorrow??

[GLENO34]

Just typical bear market action..Sell off into the close..We need to close above the daily 5MA's if we are going to move up..