[AbeSmith]

Originally Posted by notouch »

I don't want to rain on anyone's parade but in an uptrending market price would spend most time above the 200 SMA, perhaps not touching it for days and in a downtrending market price would spend most time below the 200 SMA. In a choppy market it would spend most time going above and below the 200 SMA. Today I think the apparent support offered by the 200 SMA was coincidental and caused by the transition from a down trend to an uptrend, hence the flat 200 SMA.

Originally Posted by brownsfan019 »

Perhaps there's something for Abe to consider notouch! When 200 SMA FLAT, pay closer attention to for setups. When SMA trending, better have another plan to make some money! As I said, I've never done much with the 200 outside of daily charts on stocks, but that was awhile back.

Hello. Not sure how to read the 200sma, but it is currently on my chart and I will pay attention to it and see how it plays out. Thanks Notouch and Brownsfan for the insight.

[james_gsx]

I'm seeing strong resistance at the 8 EMA, which is what I play off of. For some reason when I plug in the 200sma on the daily chart it comes up around 12800 lol Am I doing something wrong?

[OAC]

Yes, I am using 9EMA, similar.
But they are using 200sma on the 5-min chart