%% I LIKE moving averages ; cycles , not so much\ unless you want to call SEPT sells a cycle LOL. Interesting apple sellers like to dump sell @ SEPT also , common apple harvest month. But some store it + use refrig ......
Most technical indicators use moving averages as their basis. I don't see how anyone can say that they aren't useful. How you employ them in your own trading strategy may not be useful, but as a calculation and guide of where the market is, makes them always useful.
%% OK, good , but AMZN is a somewhat super strong stock in a historic strong sector, like Bill gates MSFT. SPY benchmark has not cleared 200dma so\ 200dma NOT working so well for the SPY longs @ least, last eod close...........
May not be correct. SP has respected 4216 as support and (so far) 4243 as resistance. (Breaks are valuable info just as are holds.)
%% OK for SPY benchmark\ but its now so far below AMZN/MSFT/QQQ Bill gates sector, still looks bear trend[below$ 421.60]for SPY bench mark. As of 10:51, CST cash SPY trend. WHO knows by the end of day??LOL