I have just finished a short video on the S&P 500 that I believe is worth watching. In this video I detail out a particular chart formation that has proven to be very reliable in the past. If I'm right, we could see a further move and run in the S&P500 to the upside.
Many traders get so involved with the market on a daily or even an intraday basis, that they somehow lose out on the bigger picture. Weekly charts are enormously helpful in giving clues to the future direction of the market.
In today's video we examine one of the biggest markets in the world, the S&P 500, using a weekly chart. The video runs about two minutes in
length and I think you will find it both educational and informative.
The early market action on Monday, August 16th, triggered a key weekly "Trade Triangle" to the downside. Our weekly "Trade Triangle" turned red, indicating that all trends are negative and now pointing lower.
In this new 90 second video I show you some of the scenarios we can see playing out for the S&P 500. I think you'll find this new video informative and educational. You will also come to understand the power of our "Trade Triangle" technology.
Please feel free to comment on our blog with your thoughts on this market.