Forget about the Fiscal Cliff and all of the problems in Europe. At the moment the complexity of the different economic forces is more convoluted than any one brain can figure out. The good news is, the reality of the market will tell you what it wants to do longer term, and that as a trader is what's important and the one message to listen to.
Some of the best paid minds in the business are paid to figure out this problem for you. All you have to do is listen to what the market is telling you through our Trade Triangle technology.
The theory and the reality of Trade Triangle technology is that big money must make a move in order to protect and grow its own capital. That means that big money, i.e. big positions, have to move in or out of a market, and that's where our Trade Triangles shine. Big money has to make its footprint known in the market, it cannot avoid this one simple fact because of its size. Price action is the number one indicator of trends in big liquid markets.
We will say it again, BE PREPARED:
Pay close attention to gold this week. A move over the $1,738 level will indicate that all is not well in the world, and that you should be buying gold to protect your purchasing power. This could be in the form of a futures contract, an ETF (GLD or IAU), or physical gold.
Now, let's go to the markets and see what our Trade Triangles are indicating.
Have a great trading day,
Founder & President INO.com and co-founder of MarketClub.com.