The yellow moving average shown on the chart is the 400 week moving average. Institutional investors and macro traders typically see the 400 week MA as an area of an asset being oversold.
As you can see, the 400 week moving average is where SPY bottomed earlier this year, the question is, will DXY do the same now that SPY is near all time highs?
These are great risk reward setups for anyone looking to take a longer term position.
Agreed...I'm also waiting for the (hopeful) long ride down to who knows where - totally long term trader. If I may ask you, what MA's are you using? Thnak you.
ttrending
⋅
@j9productions, I use a lot of MAs, too many to list. The most important for long term trading through is the 200 week and 400 week MA. I'm also open minded to a long term expansion in the market if SPY is able to hold above the all time high. Please see this idea here: