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Is anyone else seeing a possible bounce around the 50 SMA? 🤔 It's sitting right around 66633. If it holds, maybe we see a push back up towards 68k. I'm still pretty new to this, so any thoughts would be appreciated. 📈 Just trying to learn more about how these moving averages work. 😅
Hi @dRodriguez82, I think your idea about the 50 SMA is interesting. I'm also quite new, but it seems like a reasonable place to watch for a bounce. However, remember that moving averages are lagging indicators, so it's not a guarantee. Maybe look at the RSI or stochastic oscillator too to confirm the signal? Just an idea!
