SPY : This May Be The End of The Road
The SPY has been closing above its 200 MA since January 2012. As of Friday close, this represent a 58.79% gain, including all dividend payments. But eventually, all good things must end ( for bulls anyway...).
So far this month, the S&P is down 4.34% and trading below its 200 MA . Late this week, the bulls attempted to push the price above the 200 MA , but to no avail.
I'm still holding the SPY till the end of the month ( as per the system rules), but I believe this is end of the rally. If SPY closes below the 200 ma at the end of the month, I will switch to SH or IEF.
Cheers
Algo
So far this month, the S&P is down 4.34% and trading below its 200 MA . Late this week, the bulls attempted to push the price above the 200 MA , but to no avail.
I'm still holding the SPY till the end of the month ( as per the system rules), but I believe this is end of the rally. If SPY closes below the 200 ma at the end of the month, I will switch to SH or IEF.
Cheers
Algo
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