Apr 3 2018 - Markets Bounce But Keep An Eye On The 200-day MA

The SPY bounced off the 200-day SMA again today but still remains below its 5 & 20-day EMA. The 200-day SMA needs to be watched on all the major indexes right now as a key line-in-the-sand. A close below the 200-day SMAs, could open up another round of selling pressure.

We also discuss Bitcoin Services' (BTSC) jump today, along with F, LFIN, CNQ, FB, AMZN, GOOGL, NFLX, QQQ, IWM and more.

Have a fantastic day!

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