%% MAYBE. Also , some could be front running OCT/ bear killer nickname. Last, dont know if its least [LOL] 177 dma got some buyers\ BlombergNews , end of day news, noted Fed May do Less if gov shuts down. Interesting that's the way they Fed figures it. Did not seem to help DIS or TGT, below 200dma , believe it or not OCT SPY or QQQ related, 1974 went up about 16%, Nixon impeachment announced in AUG,1974. WEAk SPY close , let see how OCT is, especially QQQ....
Please think deeper! There is a BETTER WAY! Much better and more logical way, you guys aren't thinking outside the square, you are following the road most travelled.
Hey, shouldn't you be asleep? If I'm doing the math right I think you posted this at around 3:30 am (!?) Agree about the 200 MA... I know a lot of stock traders swear by it, but it's really just too darn slow to respond to changes in the market IMHO. I'm primarily a swing trader, though, and so admittedly I'm biased toward shorter-term trends and trades that don't usually last more than 20 price bars.
Same. So much of trading is about trying to improve the math and move probabilities further in one's favor and this helps.
Yup, I'm awake at any hour of day or night, both wife and I have irregular sleeping hours, gets worse when mkt is running hot.
Even 5 or 10 day MA is too laggy. MA 's are averages, why average a price/time, there is zero logic to the theory.
Some say averages smooth the price. Why? I can perhaps understand smoothing 2 or 3 bars, but beyond that....nup, silly idea.