Thursday, September 9, 2021

Watching This Moving Average Is Key

EOD: Nothing happening. Not necessarily holiday week behavior. If this is a multi-year major top developing, there is a distinct possibility that we stay range-bound for an extended period with a few up and down bumps along the way. 2015 printed 8 months of nothing. 2000 top - 8 months. 2007 - 5 months.

Anyone remember Bing Crosby song - 'We're Busy Going Nowhere' ? Just about sums up price action HOWEVER- underneath could be a very significant 'going somewhere' about to declare itself. Watch that +250 a/d level on the weekly. Usually prints on Friday but holiday weeks can go to the following Monday before an update prints.

Unless day-trading or swing trading, most likely not much point watching intra-day at the moment. Week-ending and daily close every few days is about the best information that is printing and that's being generous. If the lower VIX gaps close than perhaps something may stir.

See Critical Long-Term 
UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/202/20/204/9/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
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