13幺
13幺
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avatar13幺
2023-03-28
Ok
@Asphen:Interesting moves on SPY Monday 27 Mar - Price action Gapped up and got rejected by the trend line  - intraday came down to fill gap but bears did not want to push beyond last Friday high  - Prices stayed above MA5 and MA20 - Significance ==> MA5 finally crossed above MA20 ==> trend indicator  - MA crosses now need a confirmation or follow through ==> key watch for me tonight and this week  - Price action still in controlled buy channel from 13 Mar - 395/396 has become Interesting levels to watch.  Going forward is simple - MA5 continue to stay above MA20 ==> bullish - Price action continues to stay above MA5/MA20 ==> bullish - Any breaks below the above 2 points ==> Bearish  Good luck, all.
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