Wednesday was the embodiment of the phrase “escalator up, elevator down” when it comes to the markets. Selling persisted all day with barely a bump or flag along the way which brought the SPY right to its Daily 50 Simple Moving Average (SMA). This is typically an area of support, whether long-term or short-term. Where do we go from here? Well, this is perfect timing to tune into my webinar where I will discuss this, the bigger picture, and some rotation.
Your Profit Pilot,
TG Watkins
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