This week, key markets show a mix of weakness and resilience.
$SPY and $MSFT are testing critical 200-day moving averages, while $SLV extends its losing streak. Meanwhile, $GLD is bouncing off its 200-day MA, hinting at potential upside.
Investors should watch these levels closely as volatility remains elevated.
1. $SPDR S&P 500 ETF Trust(SPY)$
S&P 500 $SPY closed below its 200-day moving average for 4 consecutive days, the longest streak since May π
2. $Microsoft(MSFT)$
Microsoft $MSFT is now trading below its 200-day moving average by the largest margin since the Global Financial Crisis ππ€―π
3. $iShares Silver Trust(SLV)$
Silver on track for its 10th consecutive red day, its longest losing streak since April/May 2022 ππ
4. $SPDR Gold ETF(GLD)$
Gold with a beautiful bounce off the 200-day moving average π¨π¨ Last time it got that close to the 200D was late 2023 before it ripped more than 100% ππ
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