Today I want to bring up something that I discuss often, but I'm not sure that I ever explained clearly in a blog post. Long-time readers know that I only use a handful of tools as a supplement to price action. I want to reiterate "supplement", because price is the most important indicator we have, it's the only one that we can actually trust, and the rest are there simply to add confirmation or help dissuade us away from our thesis.

The 200 day moving average is one that is mentioned a ton throughout the financial media and twitterspheres of the world, but is often misinterpreted for whatever the reason. Usually the 200 day is referring to

If you have any appreciation for supply and demand dynamics in the stock market you are likely to flip through a chart or two throughout your day. In my case, I flip through hundreds of charts a day, sometimes thousands. These include stocks, commodities, Currencies, Futures, ETFs, Indexes, and all on multiple timeframes - daily, weekly and monthly charts. One that keeps coming up on my radar is the Nasdaq, both the Composite and the 100. The reason is because we're now back up towards March 2000 highs. This was the peak before the crash that took place over the next 2 years. It took over 15 years just to get back up here. But now what?