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SPDR S&P 500 ETF Message Board

  • piezodude piezodude Nov 23, 2012 3:54 PM Flag

    Looks like a bounce to the 200 dma and down from there

    Go back a few days and we saw the 50 dma moving down. When it does that, it keeps going for a while, which means a sell off is starting. Then we went below the 200 dma and bounced back to the 200 dma. That's all that has happened in my opinion, so far anyway. So, most likely (not absolutely) the sell off continues. It's the time of year for the massive run up, but the economy is in serious trouble.

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