The S&P 500 is in the timing band for a move into a daily cycle low, and has now given us a technical setup that often produces a good trade. The 9 day exponential moving average crossed the 20 day simple moving average on strong volume, and then it rose back up to test the 20DMA. Now that it is dropping below yesterday’s low it provides us with tentative confirmation that the downtrend will resume, while … read more Trade Alert
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