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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,918.07
(
0.20%
)
Post# of 648882
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capgain

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capgain

Re: MiamiGent post# 621150

Friday, 08/19/2022 4:31:25 PM

Friday, August 19, 2022 4:31:25 PM

Post# of 648882
Some don't believe in T/A. It's not 100% correct all the time, but the boys sure use it a lot in their algos.

Notice how the old resistance lines, now become support. See where the candle on the SPX landed today? It's sitting on the old 38.2% resistance line and the13ma.
Which now become support. Hopefully just temporarily in my case.

The next line down, the old 50% resistance line should act as stronger support on the way down.

We'll see.
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