Linda Raschke(@LindaRaschke):There is nothing statistically significant about a 5 SMA. But it is a close approximation of a 240 EMA (again, statistically insignificant.) SP 5 SMA on daily still a ways away.

Linda Raschke

@LindaRaschke

Private Trader, Retired top performing hedge fund manager, in New Market Wizards, 2024 IFTA Lifetime Achievement Award. Street Smarts & Trading Sardines author.

Joined March 2009

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Linda Raschke@LindaRaschke

2026.08.06 16:14

There is nothing statistically significant about a 5 SMA. But it is a close approximation of a 240 EMA (again, statistically insignificant.) SP 5 SMA on daily still a ways away.