The SPY moved higher again this week - breaking through the 50 DMA in a big way on Thursday and following through by holding the gains on Friday. The bulls seems to be back in control of the market. Was this sell-off all the bears had in them? Is this entire sell-off over?
Watch for the 200 DMA - see if it acts as resistance or if the market can truly send the bears back into hibernation.
Watch for the 200 DMA - see if it acts as resistance or if the market can truly send the bears back into hibernation.