200 MA
SPY has hit 200 MA during pre market. Will likely hit it again when the market opens. Whatever price it closes today, I think it’s inconclusive.
The real direction will likely come next week or beyond, where we will see if SPY can break above 200 MA to give us a Santa rally.
if it does, you know the drill….
if it does, you know the drill….
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $Direxion Daily S&P 500 Bear 3X Shares ETF(SPXS.US$ $Meta Platforms(META.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Enphase Energy(ENPH.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$
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HInBYE : In your opinion do you think the chance of getting into a Santa rally is high?
dwarrior : Dump before the pump? Lol
Cow Moo-neyOP HInBYE: Hmm we will have to see how SPY reacts to 200MA. It will likely cross above it, and retrace to re-test. When it re-test this level, we will then see if it holds.
Cow Moo-neyOP Cow Moo-neyOP: To add on, Dec’s CPI print and FOMC meeting will likely determine the fate of a potential Santa rally
Cow Moo-neyOP dwarrior: Or is it the other way round? Haha