Weekly Fab Four On The S&P 500 Via SPY
A favorite technical exercise is to track weekly, daily, 150 and 60 minute moves. So what is the status of the S&P 500 this week?
The chart above is the Erlanger Crossover Spread know as the EC Spread. Green is good and red is bad. The moving average line helps us determine if we are starting or ending an uptrend.
Weekly is in an uptrend. Daily is a sell. the 150 minute is a sell and the 60 minute is a buy. So you can take your time when you are buying stocks and buy on dips. Shorting remains problematic.
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