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Market Timing

Friday, March 15 2019

This may be the "Breakout" for the SPY that we have all been waiting (and hoping) for:
 - see purple box on the middle right in the graph below
1) The SPY climbed to and hit the Resistance 1 level at $281/share, 
2) and it stayed around there for about 7 days,
3) then in the next 5 days the SPY dropped to the 200-Day SMA level for support, and   
4) moving average support held, and SPY rebounded back up to (and slightly above) Resistance 1 again.

Let's hope for new highs next, but wait for MIPS to tell us what to do...
MIPS1234 and Nitro are sall till Long.

Good Trading...

Paul Distefano, PhD
MIPS Timing Systems, LLC
Houston, TX


Posted by: Dr. G. Paul Distefano AT 11:55 am   |  Permalink   |  Email

MIPS Timing Systems
P.O. Box 925214
Houston, TX  77292

An affordable and efficient stock market timing tool. Contact MIPS
281-251-MIPS (6477)