capped so far today at the 50 day sma
I sold too early yesterday because I just get nervous about straight up markets, but you can see how people really do watch these moving averages. I didn't expect it to just launch off the 200 day without some back and forth, but today shows how we went right to the 50 sma which is now proving to be the resistance point. I would be very surprised after the recent weakness to now break much above the 50 day without some kind of backing and filling.