Today TG reviews general markets and tickers which give us an idea of the overall weakness out there. We are prepared to have prices move up right now, since things are really over sold. But based on the Moxie rules and trade patterns,TG is not seeing anything worth taking to the long side. Most upside moves are setting up for potential shorts, and that is the direction he is more interested in playing.
Recently the market has been moving in ways that perfectly capture the Moxie setups and rules that Tg Watkins has developed. In this episode TG stresses that when you see Moxie patterns line up in such clear ways, you really need to act on them and take advantage of when the market is easy.
Jerome Powell will speak at Jackson Hole on 8/26/22, If he is somewhat dovish, TG wonders, will the market pop a little? But that pop might be into some major resistance. In this episode, TG talks about how the Moxie Indicator is telling us to be careful, as most of these up moves are going right...
TG discusses how the market has been on a bullish streak for several weeks now and run into several overhead MA's that will probably be resistance. This doesn't mean that the market has to fall apart right away and head straight down, but we should be looking for signs of a pullback. He thinks th...
