In the liquidity exuberance of early April did you notice that the SPY forgot to print a certain price range? I can't spot a more glaring gap in the dailies than that. With the 50ema coming back into play we might fill this gap at around $400. If it bounces without doing that, then maybe don't trust it.
All gaps must fill.
The deviation between the larger emas is huge. This of course hints at some pretty violent ranging.
After one of the most boring months in trading, there's finally some attempt at discovery (no doubt enfeebled). I expect a good fight around the 50s. Overall, for the past year buying the 50d has been a good strategy, but we should get a bit of a tussle this time rather than the intraday rebound from a couple of weeks ago.
Bring it on. I'm ready to get hurt again.
All gaps must fill.
The deviation between the larger emas is huge. This of course hints at some pretty violent ranging.
After one of the most boring months in trading, there's finally some attempt at discovery (no doubt enfeebled). I expect a good fight around the 50s. Overall, for the past year buying the 50d has been a good strategy, but we should get a bit of a tussle this time rather than the intraday rebound from a couple of weeks ago.
Bring it on. I'm ready to get hurt again.