SPX possible big sell off??
Simply looking at the 10 day MA crossing under the 50 day MA.
Last time it happened was in March. I saw it getting close this morning an initiated a short in SPY. I covered at the close to book profits and will look to re-enter on a bounce back up just below the 10 day ma line, which has acted as a good resistance indicator since we topped out a few weeks ago.
Last time it happened was in March. I saw it getting close this morning an initiated a short in SPY. I covered at the close to book profits and will look to re-enter on a bounce back up just below the 10 day ma line, which has acted as a good resistance indicator since we topped out a few weeks ago.
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