Interesting market movement last week:
As expected, the market ("SPY") declared a "War on its 200-Day Moving Average Wall" when it made an upward assualt on its 200-Day SMA. Sad to say, this first charge failed to break above the 200-Day SMA (see the purple ellipse on the right in the graph below). This market is fast moving and can go anywhere from here, so stay tuned, and
... let's wait for MIPS to tell us what to do next...
Paul Distefano, PhD
CEO / Founder
MIPS Timing Systems, LLC