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. Share this:TwitterFacebookLike this:Like Loading... One thought on “X: Low Risk Setup” Add yours 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… LikeLike Reply Leave a Reply Cancel reply Enter your comment here... Fill in your details below or click an icon to log in: Email (required) (Address never made public) Name (required) Website You are commenting using your WordPress.com account. ( Log Out / Change ) You are commenting using your Google account. ( Log Out / Change ) You are commenting using your Twitter account. ( Log Out / Change ) You are commenting using your Facebook account. ( Log Out / Change ) Cancel Connecting to %s Notify me of new comments via email. Notify me of new posts via email.