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You canj see when we made the first low on january 10. The s&p was a lot more oversold from the 50 sma. Why I was bullish for the monster bounce then but not so much now.

3:50 PM · Jan 18, 2022Twitter Web App

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The Pursuit Of Freedom

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Ok, now I get it 👍

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So grateful for this daily, invaluable education. Much appreciated!

The Pursuit Of Freedom

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But, what if it breaks?

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I understand you mean if a bounce comes, then sma 50 will act as resistance and the boumce wont be so big?