To The Moon

Bearish! What to look out for! Where is the turning point?

- Reiteration : MA5 and MA20; note the sloping down of both MAs with an expanding bollinger band

- Reiteration : Basically means bearish with bear flags and bear rallies (aka bull traps)

- Look for MA5 basing: just like previous sharing on inverse basing of MA5, ww now need to look for MA5 basing; this will coincide with a decrease in widening of bolliinger band.

- Once we have basing of MA5, we will also see a consolidation of base of price action.

- When that happens, whether it is bear flag or bottoming, again, MA5 and MA20 will be telling. 

- Will CPI and PPI coming week create the bull trap or just cause a dump? 

- Note super important FOMC on 22 Mar (which also comes with SEP this time)

Good luck, all.

@CaptainTiger  @melson  @LMSunshine  @Deposit  @TigerStars  

$SPY(SPY)$