I wanted to make this video as the indices are getting a little St. Patrick's Day luck. Like a great many traders; I am a great believer in getting all the luck I can get. Hopefully, the luck of the Irish will roll off on you and you remain lucky all year.
Today we're going to be looking at the three major indices here in the U.S. The first one will be the Dow Jones, followed by S&P 500, and the NASDAQ. All three indices have had remarkable moves since their original buy signals that were generated in 2009.
In 2009 we had the following signals using our monthly Trade Triangle technology. If you have been following my videos for any length of time, you know that we use our monthly Trade Triangles for the major trend in the indices. Starting with the DOW, we had a signal that the trend has reversed to the upside on May 4, 2009 at 8315.07. The S&P 500 also gave a trend reversal signal on that day at 888.70. The NASDAQ was the last to join the party as it gave a buy signal on April 16 at 1665.63.
In this new video, I share with you some of the ideas I have on where we are in market terms in all three indices.
As always, our videos are free to watch and there are no registration requirements. I would really like to hear back from you in regards to your thoughts on this video. Watch this video.
Your comments are welcome.
All the best,