***Good News***Trampoline Time***
2/9/2018 4:01 PM
The S&P 500 index crashed today into the long-term trend line (the 200-day SMA) and bounced off that trendline just like a kid on a trampoline
Result = S&P500 index +1.49% for the day (after being down -1.79% when it touched the long-term trendline).
A nice recovery day
Note the red circle on this 2 minute chart of Friday’s action.
Note the red circle on this daily chart since July 2017. Blue line is the 200-day SMA.