/biz/ - Business & Finance

>>49541601
>>49541652
your reasoning degrades you from a tafag to a literal astrologyfag. i can show you long term linear regressions where spy also somehow reverses right at the edge of the 2σ channel, and yet long-term linear regressions are consistently wrong because long-term price trends are not linear, regardless of whether people believe in their viability or not. macro dictates long term trends, not short-term investor psychology.
here's a good litmus test for you to put your money where your mouth is in regards to TA: turn it into an algorithmic strategy and run it with your cash. you will almost certainly get fucked.