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TOPIC: Trend Line Analysis: The Key To Every Market Move

Trend Line Analysis: The Key To Every Market Move 4 years 3 months ago #11006

  • inthemoneystocks
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Markets, stocks, commodities, currencies: They all are controlled by trend lines. Find any major move in a chart and you will find a trend line that gave you the high or the low. The latest example was today on the S&P 500. Note the chart below that shows the $SPY (SPDR S&P 500 ETF Trust (NYSEARCA:SPY) moving higher today until it hit a trend line that connects all the highs from the two weeks.

Trend lines are important because they can literally tell you where a market or stock is topping or bottoming. This enables you to have some clue about where you should buy, sell, short or cover. By simply learning how to draw these, the odds of you being successful in trading and investing go up exponentially. Imagine today, simply shorting the high of the day. Easy money waiting for you to take it.

Gareth Soloway

Last Edit: 4 years 3 months ago by inthemoneystocks.
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