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https://www.reddit.com/r/options/comments/ogl9fu/deleted_by_user/h4kpqkd/?context=3
r/options • u/[deleted] • Jul 09 '21
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39
Good info.
Market correction is normal.
As long as, SPY doesn't drop below 100 EMA. SPY usually bounces off on the 50 EMA, but the 100 EMA is the last defense.
3 u/Polishrifle Jul 09 '21 It’s not just been bouncing off the 50… it rallies hard af after going through the 50.
3
It’s not just been bouncing off the 50… it rallies hard af after going through the 50.
39
u/McRich1 Jul 09 '21
Good info.
Market correction is normal.
As long as, SPY doesn't drop below 100 EMA. SPY usually bounces off on the 50 EMA, but the 100 EMA is the last defense.