Market Update: SPY 11/4/2016

November 4, 2016
By

Market coming into 207-208 int. term support area:

  • Weekly 50ma
  • Weekly Lower BB
  • Daily 200ma

I like the idea of an overshoot of daily 200ma into weekly support (algos like to press prices thru widely watched targets, in this case 200ma, to trigger stops).

spy

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