Back to the 250

There is a theory in technical analysis that all stocks eventually revert back to the 250. The 250 Simple Moving Average that is. And that my stock friends is exactly where we are today.

The 250 is often used for longer time periods because there are give or take 250 trading days in a calendar year.

And that is exactly where the $SPY is today. Sitting smack dab on the 250. The 250 is not a guarantee of a reversal or a bounce. It is simply where the $SPY has found support over and over again and again the past 5 years.

Will it his time? Only time will tell..

Invest wisely, live charitably and be well…Brother Bill

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