Monday, February 18, 2013

A Test Of 20 D-SMA Is Very Likely This Week - A Buying Opportunity

Indices look tired.  There is an excellent chance that SPX tests its 20 D-SMA sometime this week.  My plan to do 1/2 of my 3rd buy as spx tags its 20 D-SMA intraday.  For now I'm planning to do the second half of my 3rd buy after we successfully close above 20 D-SMA.  

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.