Is this one of the most common things that traders and so called “investors” look at?
Yes.
What is happening right now? Tell me in replies. 👂👇📢
Do moving average crosses tend to get retested after the cross?
Let me know.
Could those candles have a candlestick pattern develop? What would todays candle be?
What do we need to see happen to get confirmation?
Is this super ancient or brand new T.A?
Could you see it?
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This was a quick technical analysis Socratic method educational thread using #movingaverages on the $SPY $SPX $es chart.
There are other components to this which are not being discussed here, such as, the round number of 400(0) or the Fibonacci retracement theory.
NFA
As you can see this is very much a live evolving situation and I am only presenting it for educational purposes.
This could close as a morning star pattern (if tomorrow is bearish) or it could simply be an “indecision” doji with continuation tomorrow post 0.382 break.
The S&P 500 must be really difficult for those shorting it this week.
Would like to see it hit 410 before a retrace just to annoy people who have weak opinions strongly held.
What price are the bears managing (if they are) risk at?
Does a $404 $SPY lead to upside liquidity?
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A visualisation of 8 factors influencing the Federal Reserves approach to inflation.
A thread based on Governor Cook’s speech on 06 January 2023.
1/9
2. This shows Personal Consumption Expenditure (PCE), 2022 period had peak total figures of 7+ in June which have declined to 5.5 with core figure decline to 4.7.
These figures exclude food and energy which gives a more accurate signal of total inflation’s trajectory.
3. Breaking down core PCE we can see the impact that housing has had and how it is lagging the other components which have fallen dramatically such as goods @ 3.8 versus housing at 7.3.