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!