$SPY is looking shaky here. First close below the 8-day EMA in three weeks if this holds.
It's not a catastrophe, but it's worth watching. Short-term momentum has been clean for a while. A break below could mean we're shifting from steady grind-up mode to something choppier.
Keep an eye on volume and whether we reclaim it quickly or start testing deeper support. Small cracks sometimes turn into bigger ones.
#spy
It's not a catastrophe, but it's worth watching. Short-term momentum has been clean for a while. A break below could mean we're shifting from steady grind-up mode to something choppier.
Keep an eye on volume and whether we reclaim it quickly or start testing deeper support. Small cracks sometimes turn into bigger ones.
#spy