Everyone is making predictions…why not then? SPY will stay between $407 and $427 until August 2023. Yes, I love crayons 🖍️BurningThad t1_j9atjqx wrote
Reply to comment by Dry_Job_1084 in Everyone is making predictions…why not then? SPY will stay between $407 and $427 until August 2023. Yes, I love crayons 🖍️ by Dry_Job_1084
... you realize those lines changes to best fit the trendline...
Because of that, it's always going to fit historical values... Whether it will 100% predict tomorrow is a guess... But know this, once tomorrow happens , the MA of the past weeks will change to fit lol.
Hence the term, "moving average"... when there's no data to plot, it can't tell you much. You can only speculate.
If you don't understand what I mean, maybe look at how it's calculated.
Dry_Job_1084 OP t1_j9cxwhv wrote
Yes, I understand how it’s calculated. I obviously wrote the same formulas used to continue calculating it adding in the predicted future daily values. Maybe, you don’t understand how it’s calculated and you don’t understand that a whole week of trading is only 1/10 of the 50 day moving average. So one week or one day can’t skew it much.
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