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US Equities Test Key Support

Tyler Durden's picture




 

The S&P 500 dropped briefly below 2,100 testing its 50-day moving-average and the Russell 2000 and S&P MidCap 400 both broke below their 50-day moving-averages. But remember, Greece is irrelevant and any correction is a healthy buying opportunity...

 

 

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Tue, 06/02/2015 - 09:53 | 6155161 q99x2
q99x2's picture

BTFD

Tue, 06/02/2015 - 09:54 | 6155168 Headbanger
Headbanger's picture

It's key support in a lot moar ways than just the 50 DMA

Tue, 06/02/2015 - 11:38 | 6155508 KnuckleDragger-X
KnuckleDragger-X's picture

As fast as possible, as much as possible.....

Tue, 06/02/2015 - 09:53 | 6155163 Osmium
Osmium's picture

Time for a "Greece is saved" headline.

Tue, 06/02/2015 - 11:59 | 6155594 KnuckleDragger-X
KnuckleDragger-X's picture

Right before the Greece is fucked headline.....

Tue, 06/02/2015 - 09:55 | 6155171 NoDebt
NoDebt's picture

If you don't buy this fucking dip, you've not been paying close enough attention the last few years.

Tue, 06/02/2015 - 09:59 | 6155186 Wild Theories
Wild Theories's picture

why do I feel like I've been here before

Tue, 06/02/2015 - 10:01 | 6155197 NoDebt
NoDebt's picture

Draw comfort and strength from the familiarity.

Tue, 06/02/2015 - 10:26 | 6155280 CarpetShag
CarpetShag's picture

Watch those Bollinger Bands, mark my words.

Tue, 06/02/2015 - 10:01 | 6155196 This is it
This is it's picture

Buy hand over fist!

If you lose money, i'll wire my entire live savings to you. Which is worth...a few worthless bars of gold and silver?

Tue, 06/02/2015 - 10:01 | 6155199 This is it
This is it's picture

Buy hand over fist!

If you lose money, i'll wire my entire live savings to you. Which is worth...a few worthless bars of gold and silver?

Tue, 06/02/2015 - 10:38 | 6155309 Uber Vandal
Uber Vandal's picture

You are doing better than me, my life's savings are in Beanie Babies.

They even have the tags on them yet!!

Tue, 06/02/2015 - 10:22 | 6155266 CNBCrap
CNBCrap's picture

Yay!  Only 30 or 40 more days like this, and I'll be back on top with UVXY!

Tue, 06/02/2015 - 10:22 | 6155267 The_Virginian
The_Virginian's picture

Called the bottom, on the nose. Well done. 

Tue, 06/02/2015 - 10:23 | 6155271 CarpetShag
CarpetShag's picture

Why 50 DMA?
I have extensively back-tested the 43 3/4 day harmonic exponential weighted geometric moving average and have found that it predicts trend changes with stunning accuracy 45.6% of the time compared to only 43.77% using the 50DMA.

Tue, 06/02/2015 - 10:51 | 6155346 Fun Facts
Fun Facts's picture

Fischer working standby on the buy button ready to hit a home run for the donkeys.

Tue, 06/02/2015 - 11:52 | 6155565 tommylicious
tommylicious's picture

FUCK YOU 50 DAY DMA!!!!  BASTARD!!!

Tue, 06/02/2015 - 12:06 | 6155624 barry2001
barry2001's picture

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