Exactly 1 year ago, 20SMA crossed under 50SMA in March for SPY.
SPY crashed from $600 to $480 so 20% in a matter of 1 month.
The same exact set-up is happening right now again. Take a look at this chart 20SMA is about cross under 50SMA again!
SPY big levels to retest are $670 and below that $650 for me if this IRAN and US is longer 10 days.
What do you think?
@smartertrader Is it really an age issue in trading options - as a graying seasoned trader its likely ego & lack of a tried & true ENTRY & EXIT methodology be it premium reads, aligned crossovers, SATY …