Clinging To Averages

Interesting how the overall market is so cleanly range-bound by its moving averages.

Interesting how the overall market, represented here by SPY, is so cleanly range-bound by its moving averages. The 50/100/200 are shown below, and with a lack of major news to jolt the market up or down, we’ve been spending the past few weeks bouncing with eerie predictability.

Disclosure:

None. 

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