SPY: Short/Mid-Term Analysis
Kay Kim | Sep 18, 2018 11:27AM ET
- As long as SPY's 20-EMA is rising and the price stays above that EMA, we want to give the benefit of the doubt to the buyers
- The up-gap from 9/13 was filled yesterday and the filled-gap is acting as support this morning (more on the gaps on the last video )
- The bottom indicator is now showing a "bullish cross" acknowledging and supporting the sentiment of the rising 20 EMA
- Looking for the indicator to retest the top of the channel
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