Tag: 200 DMA

OPEX is never easy

Seems that the market couldn’t be at a more pivotal point than where it sits as of the close tonight. Two days left in the May options and the $SPY has touched the 200 SMA again and closed under the 112.02 level I’ve mentioned this week. Actually, with today’s price action that level is now

Continue Reading

Telling Tech

The Nasdaq, Naz, tech, the Q’s, whatever you want to call it has been the leader off the March lows and has also been leading this move lower. It was the first of the major indices to gain a footing above it’s 50-day moving average and was above its 200 DMA a full month before

Continue Reading