Progress for the Bulls, But Will It Hold? | TG Watkins (03.31)
Moxie Indicator Minutes with TG Watkins • 13m
Barring any crazy event, the SPX will close its second month over the Monthly 10 SMA. This moving average is my primary tool for assessing whether a longer term trend is bullish or bearish. The SPY continues to hold up, albeit sideways, but that is progress for the bulls. It does not have to last, but it is something we should take note of until it changes or improves. Market breadth still isn't great, but there are opportunities out there for us to take.
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