Oct 4 2018 - SPY Cuts Its Losses In Half But...
The S&P 500 ETF (SPY) cut its losses in half today but did close beneath its 20-day EMA. Keep an eye on the 50-day SMA as its next level of support. DIA held up the best today, while IWM & MDY continue to sell of as expected this time of year.
QQQ's did dip below its 50-day SMA but managed to finish just back above it by day's end. AMZN produced a 'mini sell signal' today in closing beneath its 50-day SMA (more inside the video).
And, Tomorrow, Friday October 5th at Noon ET (9am PT), I'm going to pull back the curtain and show you precisely how we could expect certain stocks (and ETFs) like IWM, AMD, DXCM, HTZ & SFLY to move lower right now. This is one event you cannot afford to miss. Plus, I'll also unveil the Top 10 Hottest Proven Stocks For Year-End too.
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