SPY's gap down open was saved by the 20-day EMA and is now back above its 50-day EMA. The Buffet effect has yet to send investors retreating to safety. Saw higher volatility late last week, trading seems relatively tight for now.
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SPY's gap down open was saved by the 20-day EMA and is now back above its 50-day EMA. The Buffet effect has yet to send investors retreating to safety. Saw higher volatility late last week, trading seems relatively tight for now.
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The S&P 500 fell around 0.5% in just the half hour leading up to the Noon ET trade deadline. You can't take your eye off this market with such low volume. I wonder what kind of swing the Fed minutes will produce in an hour.
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Are they selling into the fear of the FOMC meetings, then buying the news later? :scratchchin:Quote:
Originally Posted by TommyIV
SPY (C-fund) is back below its 200-day EMA but hasn't strayed too from the moving average. There is still an open gap from Friday's close to today's open to fill. The ETF partially filled it in early trading before slipping further into negative territory. The 200-day SMA (Simple Moving Average) was the high of November.
More on Moving Averages
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