This is a daily GMMA chart of MQG. The blue band of moving averages represents the short term traders, the red band represents long term investors.
The red band is clearly on an uptrend. Its 6 moving averages are evenly spaced and are moving upwards. This is telling me that the long term investors are bullish.
The situation of the blue band is different. We can see in the chart that the red band has acted as support on 5 occasions. We can also see the expansion and contraction of the blue band, these are the activities of the traders.
