SPY has consistently held the 5-month moving average since this rally began in late '23. Right now it is getting tested. A hard break below and close below, could signal a shift in the market.
SPY refusing to let go of the 50-day moving average. Another hard bounce.
Retail sentiment falling hard and fast.
Does this one bounce on Monday too?
Seeing a potential test here, hard to get short unless this gets broken first.
Another update on the T2108 - price just not moving. Interesting declining trendline from Sept'24 highs.
Around and around we go!
No cash on the sidelines in the market.
UP 7 straight days, but chart has hardly improved.