Long Term Moving Averages
Interesting how the long-term moving averages correlated with LL (Lowest Low) and LH (Lowest High) on the Gartley Pattern. At the 2900 Level, the 50 day moving average (MA) and the 500 day MA are nearly on top of each other. When trend line meet (pile up), does this signal resistance, or reversal patterns. Obviously, we drop down one or two ranges, then recover. And we either go sideways or up. Hopefully, we are already in the bull market. But everyone appears to think that's it's impossible for a Recession to last 38 days. Best
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