They say the trend is your friend. Don’t go against the trend. Well, the trend remains to the upside. It doesn’t really matter why the trend is up. Whether it be a great economy or artificially created by the Fed and Treasury, the trend is up. Does this mean we throw all caution to the [...]
This week we continue to look at the YM and Gold from a little different perspective to find some surprising reasons why these markets are trading where they are. Check out the analysis using the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex. Also, sign up for the free MTPredictor [...]
Back from my break. Most traders should be back to work now after the Holiday. Expect that the volumes will begin to pick up again. We still have our confirmed Hindenburg Omen that is good until December with a 30% chance of a market crash. At the moment, the Dow as bounced higher off the [...]
Well, our first Hindenburg Omen signal has now been confirmed by a second signal as of Friday’s close. Since 1985, there has not been a market crash that wasn’t first preceded by a confirmed Hindenburg Omen. The probability of a correction of 5% over the next 4 months is about 77%. The probability of a [...]
Here is the information for tomorrow’s webinar. Things are beginning to get interesting in the markets and you will want to know how to trade like a professional in these times. MTPredictor Webinar This Thursday, August 12th at 4:15 PM EST https://www1.gotomeeting.com/join/283868760 We will be focusing on finding low initial capital risk trades and the [...]