On the other hand, the SPY weekly lost the 50 week SMA yesterday but bounced off off the projected lower channel line.
Given we are in an oversold conditions but in a confirmed bear market, anything can happen. This week is crucial.
Tuesday, June 05, 2012
Market Right At Support On Multiple Time Frames
The SPY daily broke the 200 day SMA yesterday but bounced off off the lower trend line.
On the other hand, the SPY weekly lost the 50 week SMA yesterday but bounced off off the projected lower channel line.
Given we are in an oversold conditions but in a confirmed bear market, anything can happen. This week is crucial.
On the other hand, the SPY weekly lost the 50 week SMA yesterday but bounced off off the projected lower channel line.
Given we are in an oversold conditions but in a confirmed bear market, anything can happen. This week is crucial.
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