Another volatile day on Friday. SPY gapped up, pretty much gave up all the gains but managed to make come back end of the day and closed right on 200 MA. A nail biter going into next week.Needs to hold 200 MA and begin some recovery.
Story continues to be small cap sector. Before any sustainable bounce, this IWM needs to firm up.
On 60 minute chart,9 EMA continues to act as resistance.Hopefully this will come out of this soon and give us a bounce trade via TNA.
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