I thought I'd throw this chart up since about a month ago I suggested that we most likely are not looking at a "major" market correction. I know that many investors and institutions pay attention to the 30 and 40 week moving averages. It looks like we are now testing the 30 week with the 40 week still below. I am not making any predictions, just showing some potential areas where we might start to see some support. Feedback is always welcome. Thanks for looking.
Green lines are Trend Channel, Yellow is 30 Week MA and the Blue is the 40 Week MA
Green lines are Trend Channel, Yellow is 30 Week MA and the Blue is the 40 Week MA
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
