The SPY is continuing sideways and not giving much evidence for which way it will head next. Many large tech names, like Microsoft (MSFT) and Google (GOOGL), are overbought and show signs of flagging or pulling back soon. On the other side, we have the financials and small caps, which got oversold and look like they could flag too.
It appears many tickers are reverting to the daily 21 exponential moving average (EMA). As this market keeps shifting, members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market makes history. Join us as we track the profit opportunities!
Your Profit Pilot, TG