Converging MA Lines continues -To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Asphen
2023-03-21

Converging MA Lines continues preparation for FOMC day move!

- MA5/MA200 converging; Bulls took the opportunity to overcome both resistance

- Downsloping MA20 is now at 395/396

- MA50 moving towards 400

- Tuesday will see MA5 (yellow) and MA20 (green) coming together very closely (preparing for a Wed post-Powell cross or divergence)

- Tuesday will likely see further upside to test or take MA20 on a stop hunt; Unlikely to go above MA50

- Smaller time frame continues to see controlled buy and sell channel

- Just no way to call this except watch price action; All eyes peeled onto Wed FOMC

Personally, I lean onto a bullish outcome from FOMC based on current price action and increased liquidity recently.

A break of below 385 however will signal a liquidation break to hit 373 pretty fast.

@TigerStars @CaptainTiger @Deposit @LMSunshine @melson

# Technical Analysis

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Trevelyan
·2023-03-21
Maybe it will really go up again...
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- Asphen:
  aa I shared..mon and Tues will be up...
  2023-03-21
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melson
·2023-03-21
[Happy]✈️🛩️✈️🛩️✈️🛩️
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- Asphen:
  that's alot of planes!!!!
  2023-03-21
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GarethTan
·2023-03-21
[Miser] [Miser]
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1
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AiAi
·2023-03-21
Ok
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BettyT
·2023-03-21
Noted. Thanks
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AiAi
·2023-03-21
Ok
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HyunBin
·2023-03-21
Good
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TO66
·2023-03-21
thanks
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Lee SL
·2023-03-21
good
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1
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WendyK
·2023-03-21
Okie
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Candy Toh
·2023-03-21
hj
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mac0racle
·2023-03-21
Ok
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Ackw
·2023-03-21
k
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Sunris3
·2023-03-21
Great
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DariusLim
·2023-03-21
👍🏻
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rogue66
·2023-03-21
up
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Blessedme
·2023-03-21
noted
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lyKeoh
·2023-03-21
ok
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Cash88
·2023-03-21
h
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HAN8
·2023-03-21
Thks
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Bulls took the opportunity to overcome both resistance</p>\n<p>- Downsloping MA20 is now at 395/396&nbsp;</p>\n<p>- MA50 moving towards 400</p>\n<p>- Tuesday will see MA5 (yellow) and MA20 (green) coming together very closely (preparing for a Wed post-Powell cross or divergence)</p>\n<p>- Tuesday will likely see further upside to test or take MA20 on a stop hunt; Unlikely to go above MA50</p>\n<p>- Smaller time frame continues to see controlled buy and sell channel</p>\n<p>- Just no way to call this except watch price action; All eyes peeled onto Wed FOMC</p>\n<p><br></p>\n<p>Personally, I lean onto a bullish outcome from FOMC based on current price action and increased liquidity recently.&nbsp;</p>\n<p>A break of below 385 however will signal a liquidation break to hit 373 pretty fast.</p>\n<p><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars &nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger &nbsp;</a><a href=\"https://ttm.financial/U/3577700186071729\">@Deposit &nbsp;</a><a href=\"https://ttm.financial/U/4113904591642392\">@LMSunshine &nbsp;</a><a href=\"https://ttm.financial/U/4123471905369072\">@melson &nbsp;</a></p>\n<p><a href=\"https://ttm.financial/S/SPY\">$SPY(SPY)$&nbsp;</a></p>\n<img src=\"https://community-static.tradeup.com/news/1a0186bc034d7fd642da401942421bfc\" tg-width=\"1280\" tg-height=\"699\"></body></html>","htmlText":"<html><head></head><body><p>Converging MA Lines continues preparation for FOMC day move!</p>\n<p><br></p>\n<p>- MA5/MA200 converging; 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A break of below 385 however will signal a liquidation break to hit 373 pretty fast. @TigerStars @CaptainTiger @Deposit @LMSunshine @melson 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class=\"s1\">Ok</span>","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":106094930,"gmtCreate":1679357575269,"gmtModify":1679357578664,"authorId":3580536610076415,"author":{"id":3580536610076415,"authorId":3580536610076415,"name":"BettyT","avatar":"https://static.tigerbbs.com/6a4dfe2f455acd2af7629f83ce30e20c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943863686,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Noted. Thanks</span>","text":"<span class=\"s1\">Noted. Thanks</span>","html":"<span class=\"s1\">Noted. 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