$SPY Recap of Last Week Feb 18-21

Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA.

New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows)

We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA.

Friday was intense, I did take a red day on Friday but still had a good week overall.