Simple Market Analysis
If the Markets, any of them, are trading Above their SMAs and they are Inclining and holding Support at the SMAs then be long term Bullish. If the Markets are trading Below their SMAS and they are Declining and offering Resistance then be long term Bearish. Most all of the SMAs can be used for whichever timeframe chart you are looking at, Intraday, 5 day, monthly, yearly or setting 1 minute, 5 minute, 15 minute, 30 minute, hourly, etc for either short term or long term trades. JMHO though :^)
If the Markets, any of them, are trading Above their SMAs and they are Inclining and holding Support at the SMAs then be long term Bullish. If the Markets are trading Below their SMAS and they are Declining and offering Resistance then be long term Bearish. Most all of the SMAs can be used for whichever timeframe chart you are looking at, Intraday, 5 day, monthly, yearly or setting 1 minute, 5 minute, 15 minute, 30 minute, hourly, etc for either short term or long term trades. JMHO though :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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