Monday, August 19, 2013

50 D-SMA Very Likely Will Hold

There has been hardly any selling by BM during the current sell off. Chances are good that 50 D-SMA support for SPX holds, on closing basis, during the next couple of weeks of choppy trading.

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 N without notice.