Spiders (SPY) Recovers Back to 50DMA With VIX Faltering
It’s a rather basic chart, but technically speaking, SPY has been quite resilient despite the market gyrations. The 50 day moving average is right at present levels of SPY 272 with the 200 day moving average at 256. Since the February market sell-off and correction, the rips to the upside have failed to achieve SPY…
