Looking at Topping Patterns
On this week’s edition of Moxie Indicator Minutes, TG discusses how the market has been on a bullish streak for several weeks now and run into several overhead MAs 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 that perhaps there will be a bounce after the pullback, but then we need to watch out for a trend reversal.
This video was originally broadcast on August 19, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!