Tackle Today: Battle at the 50-Day Moving Average | Tackle Trading: The #1 rated trading education platform

Tackle Today: Battle at the 50-Day Moving Average

Tackle Today Battle at the 50 Day Moving Average

«The Fate of $4,000 will be Telling.»

Traders,

Moving averages are gathering grounds for buyers and sellers. As such, they often mark key tests for a trend. For instance, the S&P 500 rally was finally snuffed out at the falling 200-day moving average two weeks ago. It didn’t have to be that way, but bears proved too powerful and decided to make a stand finally.

With the selling that has since ensued, prices have retreated to the 50-day moving average, which currently sits at the psychologically significant round number of 4,000. Heading into the test, prices are down nearly 8% in a straight line and arguably oversold.

If we don’t see any fight from buyers here, it will be another vital signal that bulls have indeed given up and the daily downtrend is here to stay. 


Video Of The Day: Gino’s Gems – How to Compare Your Stock Symbol to Another on Thinkorswim (TOS)

In today’s Gino’s Gems, Coach Gino Poore teaches how to compare your stock symbol to another on Thinkorswim (TOS) #tradinghacks


Chart of the Day: S&P 500 ($SPX)

Chart of the Day: S&P 500 ($SPX)

$SPX is testing the 50-day in early-morning trading Tuesday. A failure here doesn’t bode well.


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Managing Losing Bull Call Spreads

How do you manage a losing bull call spread? Today’s video explores rolling to a 1×2 ratio spread and shrinking the spread width. Both are legit ideas. Here’s how I think about them.

Today’s line up

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Halftime Report 12:30 PM EST

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