All last week I was guiding the Moxie Indicator™ subscribers into the idea that the SPDR S&P 500 ETF Trust (SPY) was likely to pull back and that the target would probably be the daily 50-day simple moving average (SMA).
That target was hit Wednesday, and now we need to see if this area will be support or if it’s just another bounce in a downtrend. Take a look with me:
Traders need to be ready for when the stock market bounces their way. As this market keeps popping higher or lower, members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!
Your Profit Pilot, TG