Caught short into the close today?

Quote from stock777:

Actually we bounced off a channel line I drew 3 days ago.

I think they use the same work


That channel line is also known as a 200 day MA, and yes a lot of people use it. :D

Assuming you mean the S&P 500
 
One can also say we bounced off the over night globex lows on the Spoo's. Blah blah blah. There are many reasons and explanations for the bounce.
 
Back
Top