Absorption of Supply In an Uptrend Near Moving Averages

Markets are pulling back towards their rising 20 day moving averages; $SPY 139.02 $IWM 82.09 $SMH 34.90 and the $XLF (not shown) has its 20 dma at 1538 which is just below the key level of support found near 1545. The $QQQ remains the most resilient and its 20 dma is further away at 66.20 … Read More