I was trying to reply to TradingShot's 'Golden Decade' Channel Up analysis but couldn't figure out how to post a chart in the comments. I think I need a PRO account to do so. Anyways, my reply is that we should take in consideration the yields as well. If we do that then this time period correlates more with the early 1950s.
I would also include that the strategy to trade this market would appear to be BUY the 1M 9 SMA and HOLD until 2023 for some compression into the 1M 50 SMA. This analysis seems like it would be invalidated under the 2009 low.
I would also include that the strategy to trade this market would appear to be BUY the 1M 9 SMA and HOLD until 2023 for some compression into the 1M 50 SMA. This analysis seems like it would be invalidated under the 2009 low.
