SPY in 200ma retest today as predicted.
Updated
Hello Traders -
This will be an important day for technical traders. We need to see what happens with the price action around the 200ma before we can make a truly educated technical analysis, in my opinion. A lot of analysis, appear to be skipping ahead.. Unless they saw a pattern or are using more of a historical data technical analysis--are really just guessing. I saw a lot of these doom and gloom predictions make the front page and didn't see any of them mention a retest of the 200ma except one in the comments after... I guess sensationalism gets the most eyes, right?
Looking at you TradingView "editor choice." ;)
I hope everyone is having a great day!
Cheers,
Mike
(UPRIGHT TRADING)
This will be an important day for technical traders. We need to see what happens with the price action around the 200ma before we can make a truly educated technical analysis, in my opinion. A lot of analysis, appear to be skipping ahead.. Unless they saw a pattern or are using more of a historical data technical analysis--are really just guessing. I saw a lot of these doom and gloom predictions make the front page and didn't see any of them mention a retest of the 200ma except one in the comments after... I guess sensationalism gets the most eyes, right?
Looking at you TradingView "editor choice." ;)
I hope everyone is having a great day!
Cheers,
Mike
(UPRIGHT TRADING)
Comment
Even with the Russia-Ukraine conflict. These technicals were on-point.
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old site: uprighttrader.com
Scripts: tradingview.com/u/UPRIGHTTrading/
Like & follow for great ideas & indicators!
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