Hi
@Asphen: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 $SPY(SPY)$
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 $SPY(SPY)$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.