Posted by DigiNomad on 20th of Oct 2023 at 04:16 pm
Yep, Matt made that point many times during the go go days of
last summer. It was always going to be hard to have a significant
pullback with the MA's all pointing up. But as they flatten out and
start to point down, the risk of a major move actually
grows.
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4200 is less than 25
My account has taken huge (embarrassed to say how large) ...
Posted by DigiNomad on 20th of Oct 2023 at 04:12 pm
4200 is less than 25 points away. That's a HUGE level.
And SPY is not as
Posted by rbreese on 20th of Oct 2023 at 04:14 pm
And SPY is not as oversold this time down to 4200 area either as it was on past tests.
But isn't that positive divergence
Posted by mastermind on 20th of Oct 2023 at 04:17 pm
But isn't that positive divergence supposed to be a potentially good thing?
Yep, Matt made that point
Posted by DigiNomad on 20th of Oct 2023 at 04:16 pm
Yep, Matt made that point many times during the go go days of last summer. It was always going to be hard to have a significant pullback with the MA's all pointing up. But as they flatten out and start to point down, the risk of a major move actually grows.