The market had a really stiff downside move that lasted three weeks, with a capitulation bounce finally happening last Friday. On this week's edition of Moxie Indicator Minutes, TG explains why, at this point, he would assume the market needs to take time and figure out if it is at support or not. It's too early to have the Moxie Indicator tell us, so what that means is that we need to be patient, because the market is not ready to run long yet.
This video was originally broadcast on August 25, 2023. Click this link to watch on YouTube.
New episodes of Moxie Indicator Minutes premiere weekly on Fridays. Archived episodes of the show are available at this link.
About the author:
TG Watkins is the director of stocks at Simpler Trading. After graduating with his engineering degree, he set off to earn his Series 6 and 63 licenses and started his career as a financial advisor with New York Life. It was here that Mr. Watkins' knowledge about the financial industry really exploded.
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