T2108 Update – Oversold Part 3: Sellers Take Control And Reset My Targets
September 29, 2015 at 08:16 AM EDT
T2108 dropped back into oversold conditions for the third time in a month. This latest plunge defied my expectations for the S&P 500 (SPY) to hold up long enough for retests of resistance at the 50 and 200-day moving averages (DMA).