Not Convinced Yet

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Not Convinced YetUS Tech 100 CashIG:NASDAQMonetaryRebel(Not financial advice) I will post notes below the main chart with screenshots to these other times mentioned. The 10 and 20sma's crossed below the 200 Mid-March, and we found support at the 400sma. I looked at 13 past tops or major corrections, and only 2/13 times did we bottom at the 400sma. I'm thinking at a minimum, we pull back to 24,100 and see how price responds. If the 10sma can sustain mostly above the 20sma and price holds above 24,100 then a bullish case can start forming. But not yet. Personally, I think we just saw capitulation to the upside, but this is a weird chart. In these 9 instances when the 10sma and 20sma crossed below the 200sma -- which has happened 3 weeks ago -- 2025, 2022, 2020, 2018, 2016, 2015, 2008, 2006, 2000. In these 4 instances, price still went down to lower lows, but not quite as extreme: 2012, where price did not have much of a relief rally as we saw this week, and only retraced down to the 400sma. I would argue that this move in 2012 was just part of a larger correction. 2011 - price went down to the 500sma, also part of a larger correction. 2005 - Price went down to the 500sma 2004 - Price went down to the 400sma