These stocks are currently trading near the bottom of trend channels but moving higher, presenting a buying opportunity. (investopedia.com)
After three consecutive days of selling, several of the broad - based ETFs are now at the lower trend lines of their near - term ascending trend channels we originally discussed in the July 10th issue of The Wagner Daily trading newsletter and in this blog post. (morpheustrading.com)
Key support levels for SPY include the convergence of the 20 and 50 day moving averages ($ 134.00 to $ 134.40), the lower trend channel line near $ 133.20, the June 25th swing low ($ 130.85), the 200 - day MA ($ 130.52) and the June 4th swing low of $ 127.14. (morpheustrading.com)