SPY in 200ma retest today as predicted.

27 Jan 2022

Hello Traders -

This will be an important day for technical traders. We need to see what happens with the price action around the 200ma before we can make a truly educated technical analysis, in my opinion. A lot of analysis, appear to be skipping ahead.. Unless they saw a pattern or are using more of a historical data technical analysis--are really just guessing. I saw a lot of these doom and gloom predictions make the front page and didn't see any of them mention a retest of the 200ma except one in the comments after... I guess sensationalism gets the most eyes, right?

Looking at you TradingView "editor choice." ;)

I hope everyone is having a great day!

Cheers,
Mike

(UPRIGHT TRADING)

28 Feb 2022

Catatan

Even with the Russia-Ukraine conflict. These technicals were on-point.