10/20/22

After a strong bullish engulfing candle on the SPY, the near-term ema turned up signaling a change in sentiment.  Consecutive closes above that line contributed to validating the trend.  Today we had a close below that line which negates our prior assessment.  The trend is now considered down.  Friday has recently been a weak demand day and it will be important to use stops on your trades as a low tide affects all boats. 

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