Market Trying to Hammer Out a Bottom

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On this week’s edition of Moxie Indicator Minutes, TG shares that there are indications that the market is trying to hammer out a near-term bottom in order to meet up with the Daily 50-SMA. He is unsure of how that path will unfold, other than price and D50 converging over time. Once that happens, it will most likely be time to look at the short side again.

This video was originally broadcast on October 21, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!

New episodes of Moxie Indicator Minutes air Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link.

TG Watkins

About the author:
is the director of stocks at Simpler Trading. After graduating with his engineering degree, he set off to earn his Series 6 and 63 licenses and started his career as a financial advisor with New York Life. It was here that Mr. Watkins’ knowledge about the financial industry really exploded.
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