Looking for a retest of 200 day MA
Gotta love ZERO Risk Short SP 500 = $$$$
- Thread starter Spectre2007
- Start date
200 day simple moving average ?
That is a massive run
This crisis is old news.. Media is fanning it in collusion with Banksters. It's to set fear high so the week hands dump inventory.
SPX 15% correction from the top.
If be greedy when others are fearful in an instrument that is solid is a good suggestion, the time to buy is now or near.
If be greedy when others are fearful in an instrument that is solid is a good suggestion, the time to buy is now or near.
$INDU chart leading the SPX: Weekly bars, 50 SMA falling, price below the 200 SMA [make sure your chart has 4+ years of data for that], RSI diverging from price since Q1 2013, lower high on high volume Q2/Q3 2015... I wouldn't be long in my retirement account, nope...
According to my research, MAs used like that have no predictive value.
I bought ES futures today, market is at support and extended from my EMA of choice, expect current monthly bar to considerably snap beyond 1900s.
i agree with your analysis