We've seen the bottom, up from here

[Nine_Ender]

Still in the range. We need a decisive breakout. See how long these ranges lasted previously.

"In the range" with a very strong finish is quite a bit different then the narrative the crash guys have been trying to sell on here all week.

 

[nooby_mcnoob]

Banked on the move today. Good call mickster.

 

[themickey]

mkt crashes n burns from here, bullsrfkd #gobears

Young Ken

 

[themickey]

Here's Ken again today

 

[MKTrader]

SPY closed above its 200-day MA. Very bullish week that tested the bullish reversal on Monday repeatedly but never made new lows and closed higher on a weekly basis...with the most volume we've seen since March/April 2020. Just calling what I see.

 

[murray t turtle]

SPY closed above its 200-day MA. Very bullish week that tested the bullish reversal on Monday repeatedly but never made new lows and closed higher on a weekly basis...with the most volume we've seen since March/April 2020. Just calling what I see.

%%
SAME with msft ,TECL, upro, SPYG/ close enough 200dma.
Good loss cut on spxl @ $105.7179, now that level its profitable end of week /but that '$ life
Rate hikes start @ such a low level, bear most likely will not last long/ but i dont mind making money on spxs, SPXU, sqqq...........................................................................

 

[nooby_mcnoob]

SPY closed above its 200-day MA. Very bullish week that tested the bullish reversal on Monday repeatedly but never made new lows and closed higher on a weekly basis...with the most volume we've seen since March/April 2020. Just calling what I see.

SPY didn't close above 200 DMA, not very cleanly anyway. This was basically a technical move when there was no more sellers, but turns out there are not enough people buying the 200 DMA right now either.

So... If it gaps way above the 200 DMA on Monday, and successfully retests, hold that fucking long.

 

[MKTrader]

Nope, it did. There's no "cleanly" to it. The SPY either closed above the red line or it didn't. And it did.

 

[themickey]

I pay scant regard to any MA's, the only interest is mildly how many stocks are above or below at times.
But even then MA's don't count for any timing signal decisions.

 

[themickey]

Just about anything TA I disregard, head & shoulders, triangles, wedges, trendlines, STO, RSI, etc, I use zero indicators, absolutely zero, none for timing and yet my interest is catching bottoms and at times tops.
Moving averages are particularly lousy, but they can have some uses, not enough for me to rely on.