$SPY sat on the 200SMA long enough for trend-line to catch up and bounced.
Log version shows complete break (interestingly enough we’re testing the underside of trend-line now). Bears were very excited about this break.
The 2009 trend-line for us is the big kahuna — it was THE focus for us in June as you can see in these four posts March 2009 Trend-Line Sirens calling, A visit to the Nasdaq Trend-line, Buy the first test not the second, and The only chart that counts (hint, it’s the 2009 trend-line chart
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