SPY20164

Unimpressive Bulls: $SPY Chart 2/14/16

Stocks as an asset class are under distribution worldwide in 2016. $SPY is in an intermediate downtrend under its 200-day SMA. The MACD is still in a bearish crossover. $SPY has closed under the 10-day EMA 24 out of 29 trading days in 2016. The 10-day EMA has been resistance this year. The 21-day EMA is the […]

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