$SPY Bulls vs. Bears: Fill in the blank
Over the past few weeks, I've been perfecting a strategy (I think it's perfected? perfect? either or) using a mix of moving averages (along with other basic, not-so-perfect, ordinary technicals). Every trader has their go to buy/sell signals & I'm sure most have their own preferences when measuring momentum for which type of situation & its duration yada yada. But yeah so we got some fibonacci levels; a few filled & unfilled gaps, a little bullish divergence in MFI, the good stuff. If you've ever heard of Nikola Tesla, or the importance of "3, 6, 9" & how they control the universe (kinda weird but mad interesting) - then this is right up your alley. If you haven't - check what the yellow mellow moving average does when it moves above (or below) the whitey titey moving average. If you're still lost, it's a gap; a gap happens. I wasn't too impressed either until I realized they align (like candles) do with fibonacci levels. Actually I wasn't impressed until each moving average (if changing to smaller chart duration) - acted as either support / resistance if you were trying to get a better look into price action. If you think I'm on my ____shit, I am. Fill in the gap - pun intended.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.