Action in the S&P 500 has been very volatile since late June. After hitting highs in May, the 50 day moving average became resistance, and the market retraced. After a bounce, the 50 day become resistance again, and the market pulled way back.
S&P 500 Forecast Video This week could be shaping up to be an extraordinary week in the markets. I strongly recommend that traders everywhere take precautionary measure measures to protect capital.
Today I was doing some technical analysis on Google. Google is at a major technical inflection point, and which ever direction traders decide to take it will have a serious impact on the stock. Google is trading at it’s previous resistance zone set in May, 2008, at the 600 price level. From a technical stand [...]
In his guest post earlier today, Adam showed you a video forecasting a reversal in the S&P 500 using Marketclub Trade Triangles. I wanted to follow up his video using more traditional indicators to show you not only how accurate the triangles are, but how much easier they are to utilize as a trend following [...]
Take a look at this image. I took a snapshot of the new record price breakout high’s on clearstation.com. I think this is compelling evidence that the market has topped out.
