What Does Sideways Chop Mean for Market Direction? | Moxie Indicator Minutes

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Weak Market Sentiment Warning | Moxie Indicator Minutes

What Does Sideways Chop Mean for Market Direction? | Moxie Indicator Minutes

In this week’s edition of Moxie Indicator Minutes, TG starts out with a deep dive of the SPY’s price action. What does yesterday’s sideways chop mean for the direction of the market? TG then talks about the recent 20% overall correction we have seen.

This video was originally broadcast on May 20, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!

New episodes of Moxie Indicator Minutes air on Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link. If you want to hear more from him, you can join his free webinar happening on Thursday, May 26th, at 3:15 PM Central. Register here!

TG also hosted the Friday, May 20th edition of StockCharts TV’s Your Daily Five series! We have been seeing some really crazy moves now and earnings destruction across the board. These are signs of what is going on with the economy slowing down. There are a lot of big issues out there are it’s starting to show in the markets. In this video, TG presents setups that the Moxie Indicator has been communicating to us.

TG Watkins

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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