$SPY — Short-Term 20 vs 10-MA Death Cross

jfsrevg
10-27

$SPDR S&P 500 ETF Trust(SPY)$

Looking at the two recent corrections in late July and mid-September, both featured a 20 vs 10-MA death cross, with price action trapped within a descending channel.

The message is pretty similar for the week; stay away from breakouts until the market decisively breaks out of its current channel/wedge which will coincide with the reclaims of both the 10-MA and 20-MA.

This is not a market to force trades. But don't abandon the process.

Continue diligently building your watchlist around relative strength in individual industry groups and leading names.

No need to trade the market you have, but prepare for the market you want.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • kkij
    10-31
    kkij
    当价格回调时积累，尤其是在重要的经济释放附近。cpi、fomc 和 pci。可以使用DCA，但分配少量用于长期投资。
  • NMKOH
    10-29
    NMKOH
    accumulate when price pull back especially near important economic release eg. cpi, fomc & pci. can use DCA but apportion in small amount for long term investment.
  • Hui ting
    10-29
    Hui ting
    合適的話想幾點就到家大姐姐DJDJDJDJ第幾集打擊打擊的角度
  • Kellyhuynh
    10-29
    Kellyhuynh
    話說的繼續繼續繼續驚喜江西經濟係驚喜驚喜逆襲你那都
  • 小可爱13
    10-28
    小可爱13
    不喜欢xhxhx换届选举自己在家再见就自己做
  • CLeow
    10-27
    CLeow
    geeat thanks for sharing                                                      
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