"Very Obvious" Level Now Hit « Market Montage

This very obvious 200 day moving average on the S&P 50 has now been reached.  It took a while here as bulls tried to defend yesterday's lows all day but once that broke it was a quick trip down.  Now the question is, is it just that easy for a bounce to happen from a level everyone is watching?


Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/index.php/the-fund/holdings