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Friday, February 15, 2019
MTU Weekend Ed. - Resistance II (2/15/19)
The 200-day SMA in SPX is now potential support. This MA failed three times during the 2018Q4 decline. The current rebound continue to face overhead resistance.
MTU question - in your opinion when there is a major low or high and a major cycle is expected like the 16.8 yr one - do you think like I do that that price and level and chart pattern needs to show a clear major low (like Aug 1982) or high to confirm its a valid main turn for that cycle for it to be proven ?
Because dont see one in a number instances in the past decade.
MTU question - in your opinion when there is a major low or high and a major cycle is expected like the 16.8 yr one - do you think like I do that that price and level and chart pattern needs to show a clear major low (like Aug 1982) or high to confirm its a valid main turn for that cycle for it to be proven ?
ReplyDeleteBecause dont see one in a number instances in the past decade.
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