When approaching any financial instrument it is important to understand the trend of price in multiple timeframes. That will lead to the development of a sound strategy offering areas of trade location. Knowing the strength or weakness of any trend coming into an area of unfair price offers an edge in placing trades. These Action Reports (Blog) discusses various Market developments and offer possible trade ideas.
The anticipated countertrend rotation has occurred, and it developed in typical three steps. In the S&P, there was equality between the first and third legs....
The behavior of the market participants drives a financial instrument. Over time, that behavior repeats itself. As a technician, we try to determine the markets’...