Ran too Fast. Expect a bounce back to test the 200 day MA

Apr 4, 2018

Looking for a gap up in the morning after the SPY super close. I am not sold that this is the bottom but this blew past the 200 Day MA and showed some life in the last 10 mins. I bought at 9.95 and will ride this back to 10.50 at minimum. 5 min chart is saying if this is bottom we should test 10.80. If this is a bottom on the Daily Chart 12.50 could be the next stop.