S&P 500 Plunges… Finally..

cash
aaahhh

spy400day20150821


See that Red Line? That is not the 100 day moving average, it is not the 200 day.. It is not even the 300 day. That is the 400 day moving average on the SPY ETF. The problem with the market grinding sideways for all of 2015 is these key indicators started to catch up so it really did not take much for the price to slip below, which raises a quandary for chart technicians, is this time different? If the past few years are any indication, a face ripping rally over the next couple days would not surprise anyone.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>