Above The 40 – No Time For Comfort As Brakes Screech On The Oversold Bounce
November 10, 2018 at 19:17 PM EST
The S&P 500 (SPY) fell 0.9% in what looks like a “close enough” failure at downtrending 50-day moving average (DMA) resistance. In a bit of good news, the index also bounced picture-perfect style off its 200DMA support. I will call it a stalemate.
