08/16/2019 | by Jake Wujastyk

Market Update Into 8/19: The Monthly EMA (50) Holds on $SPY

BlogPrepare for the Trading WeekMarket Update Into 8/19: The Monthly EMA (50) Holds on $SPY

In this weekend’s analysis, we take a look at the continued volatility during the month of August. The markets were anything but stable with huge moves to the downside and upside but SPY managed to hold above its weekly EMA (50) which has been a crucial level in January. To learn more about multi-timeframe analysis and the platform in general, make sure to check out all of our User Guides.