Look at SPY on a 4-Hour chart. It's about to close over the 50 SMA on that chart. Hasn't done so since the April top and was even rejected yesterday. It's getting very close for the bears to toss in the towel for now and jump on the Bull Train. Waiting myself. If SPY closes above 110.33 at end of this hour, I'm closing out shorts and going long.
LOL Just try not to drink the bulls' kool-aid. It's laced with bullshit.
Sorry, OVERBOUGHT!
Huh? Oversold? You mean OVERBOUGHT!
SPY is now oversold in EVERY timeframe. But I believe the tide has shifted. I would buy the dips now, instead of selling the pops.
It sure looks that way…
bears are done.
Long Gold thank god!!
We are trying to turn toward the VWAP but it is lunch time in the Big Apple. Anyone heard from Rick Santelli lately?
i agree. We are on the cusp. I think that they will headfake it above the 200d just becuase everyone watches it.
Look at SPY on a 4-Hour chart. It's about to close over the 50 SMA on that chart. Hasn't done so since the April top and was even rejected yesterday. It's getting very close for the bears to toss in the towel for now and jump on the Bull Train. Waiting myself. If SPY closes above 110.33 at end of this hour, I'm closing out shorts and going long.