Technicians, technical analysts and traders use charts to analyze a wide array of securities to forecast future price movements. While having a favorite style of chart is important, traders will tell you that knowing when to buy or sell a position is what really separates a successful trade from an unprofitable trade.
Very often the direction to take on a trade will depend on the trend. Basically, price can be doing only one of three things when evaluated over a given time period: trending up, trending down or moving sideways. Traders want to be buying in an uptrend and selling in a downtrend.
But how can you determine trend? And once you determine what the trend is, how can you profit from that conclusion?
In a one-hour live presentation on Wednesday, I will answer both of those questions by delving deep into ways that you can determine trend and act on your verdict. Click here for more information on how you can sign up for this free video event.
Today’s video analyzes a long-term chart of the S&P 500, which is widely considered to most accurately reflect the overall stock market. Since three out of four stocks move in the direction of the market, it is very important to have an understanding of where the market is headed. The following video will reveal where I predict stock prices are going in the future.
Editor, TradeMaster Daily Stock Alerts
Editor’s Note: Jason’s trading service, TradeMaster Daily Stock Alerts, just had another banner year. But recent optimism has him leaning bearish. Learn more by clicking here.