SPY dropped under 50SMA at $670
$SPDR S&P 500 ETF Trust(SPY)$ dropped under 50SMA at $670.
The last time it dropped under 50SMA was on Feb 24 from $600. Then it crashed all the way to $480 before it bounced back towards $680.
SPY doesn't like staying below 50SMA too long. THe market tends to stay ABOVE this green line:
Today at rock bottom of the market, I called out calls and bullputs
Banked $15k today on my daily bread
sometimes you don’t have to guess where the market will go, but you just have to guess where the market WONT to make money follow my Instagram to learn my tip on credit spreads, but I trade these with my community every single day!
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
