there's more than 2 touches on the daily more like 6, remember
my morbid analogy about the kid jumping up and down on one spot on
the ice on the frozen lake, too many times and it eventually
weakens and breaks, the same for support, if tested too many times
it eventually breaks
$SPX - 200dma being defended,
Posted by jdaswani on 3rd of May 2018 at 10:16 am
$SPX - 200dma being defended, 2 touches now, if it breaks, we could flush down
there's more than 2 touches
Posted by matt on 3rd of May 2018 at 10:33 am
there's more than 2 touches on the daily more like 6, remember my morbid analogy about the kid jumping up and down on one spot on the ice on the frozen lake, too many times and it eventually weakens and breaks, the same for support, if tested too many times it eventually breaks
Yes - market quite heavy
Posted by steve on 3rd of May 2018 at 10:23 am
Yes - market quite heavy