Just a quick update on my long-view: I’ve kept an eye on SPX’s 88 week SMA and EMA since my post in August, when we had a break below. That break lasted until the big October run-up, but the Thanksgiving drop took it south again.
As of today, the SMA sits at 1212.76 and the EMA at 1210.30. I would very much like to see price bump the underside of the MA before taking the “Swann” dive.
