Bulls Retreat: $SPY Chart 2/7/16
The 200-day and 50-day are starting to descend lower, showing a long term downtrend is developing. We are still under a bearish 50/200 day ‘death cross’. $SPY has traded under the 10-day EMA for the majority of this year, demonstrating that bears have stayed in control of the market. $187 is the short term support level for […]
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