200 MA
SPY has hit 200 MA during pre market. Will likely hit it again when the market opens. Whatever price it closes today, I think it’s inconclusive.
The real direction will likely come next week or beyond, where we will see if SPY can break above 200 MA to give us a Santa rally.
if it does, you know the drill….
if it does, you know the drill….
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS.US)$ $Meta Platforms (META.US)$ $Amazon (AMZN.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Enphase Energy (ENPH.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Successful investing is about managing risk, not avoiding it. DYODD
Support my YouTube channel: Jay el
6074Followers
45Following
28KVisitors
Follow
HInBYE : In your opinion do you think the chance of getting into a Santa rally is high?
dwarrior : Dump before the pump? Lol
Cow Moo-ney OP HInBYE : Hmm we will have to see how SPY reacts to 200MA. It will likely cross above it, and retrace to re-test. When it re-test this level, we will then see if it holds.
Cow Moo-ney OP Cow Moo-ney OP : To add on, Dec’s CPI print and FOMC meeting will likely determine the fate of a potential Santa rally
Cow Moo-ney OP dwarrior : Or is it the other way round? Haha