Trader Brian Jones on Twitter: "So on Friday the s&p failed when it was hit by the 10 sma. Now it's going to be tested again by the 10 sma. Remember the s&p has to create an uptrend above the 10 sma in order to rally on a bounce. https://t.co/ZbFCB2gh8i" / Twitter

So on Friday the s&p failed when it was hit by the 10 sma. Now it's going to be tested again by the 10 sma. Remember the s&p has to create an uptrend above the 10 sma in order to rally on a bounce.