X: Low Risk Setup

X provides a low risk setup as it pulls back to the 50 day moving average. If the market tanks, X will go down with it, but losses are easily managed at this level.

One thought on “X: Low Risk Setup

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  1. Think SPY will tank? RSI dropped below 50, it’s below its 50SMA, 5ema is under the 10ema; I’d really like to see the macd turn over, but stochastics are overbought and turning. 90 hasn’t exactly been a level of strength…

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