Bulls defending 100 MA (SPY)
A small rebound towards the end of the trading hours. Bears trying hard to defend 100 MA level (391) as well as 389.
Gentle reminder: Macd has curled down, which is a bearish sign. Even if we have a little bounce in the next 1-2 days, I will be careful if I am a bull. For bears, do remember to take profits ![]()
Next week’s CPI and FOMC meeting are a wildcards
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