We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to...
A simple moving average is a lagging indicator that technicians use to help with the trend recognition process. It smooths out the erratic day-to-day action and shows us the mean price over a stated period.
Today's trade is a similar bet to yesterday's trade. With $VIX in the 20s and big caps putting in short term bottoms at key pivot points, these are opportunities for opportunistic put spread sellers.