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10 & 50 moving in parallel about ~7 degrees below the 200.
100 moving ~15 degrees below the 200.
is converging beautifully right with the 10 and 200 strongly signaling something is reaching a breaking point either up or down.
All fundamentals and technicals pointing to down. All hopes and dreams and FOMO pointing to up.
The market cannot be equal in value today as in January 2019. That is fundamental insanity.
So this will almost certainly be a breaking point downward.
Anyway, I digress!
Let's note here that the...
200 is trending 12 degrees below the
100 - 23 below
50 - 16 below
10 - 16 below
Lets call the average of these four Market Gravity . That gives out a Downward Gravity of 16.75.
Here's my first shot at reading the tea leaves:
I would say the 100 moving at such a steep degree against the 200 and twice the degree of the 10 and 50 is an extremely short term signal. And the tandem trend of the 10 and 50 as as well.
The fact that the Market Gravity runs below the 10, 50 and 200 is also a very signal.
I would say the case is made AT LEAST for the market retesting March lows if not a medium to high degree of downside potential beyond that.
Where you at?
Everything I do is grounded deeply in Fundamentals first and Market Psychology 2nd.
Trends then provide a bit of framework for understanding best entry (max value) and exit points (max profit) on the stocks I already know are fundamentally strong. Not expecting my lines to be followed! Just gauging the overall direction of the swings. It's all just extra data to validate my core fundamental analysis.