SPY breaks the 100 weekly MA and a key support level.

2018년 12월 19일

SPY just broke the 100 weekly moving average and has broken below a previous support level as shown by the white line around 254-255 that had held the price back in February and April. I suspect it will retest the 200 weekly MA around 234-235 which is approximately a 6-7% drop. If the 200 weekly MA does not hold, we could be setting up for a longer-term recession as we enter into 2019.

Moving average guide (all weekly for this chart):
10 MA in orange
20 MA in pink
50 MA in green
100 MA in yellow
200 MA in red.

2018년 12월 21일

노트

Coming down as expected:

2018년 12월 24일

노트

Getting closer:

2018년 12월 24일

거래청산: 타겟 닿음

Target hit around 234-235: