Moving ave lines
RED line = 20day
Blue line =10day
BLUE LINE (10day) CROSSED OVER the RED LINE(20day) & is being back tested on SPT6th.
THE RISING CHANNEL has been broken also,
and could be touched before heading lower -OR NOT
ALSO note the Dow is well below the green 50 day line,
and would need one heck of a rally to get back to it.
ALL IN ALL, this indicates a VERY BEARISH OUTLOOK for SPT.
Later
Jay
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