| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
This Chart’s Shape Shows Where Markets Will Go Next
After a few weeks of “spirited” and profitable activity in the middle of September, in which we broke below the eight-week “ultra-tight” range and bounced up, the markets have settled back into the doldrums that have defined the past few months.
In fact, for the past two years, U.S. markets have managed to move from trading-range box to trading-range box.
But now stock prices have formed a whole new chart pattern. I’ll show you what that looks like in the context of the last two years of the S&P 500 cash index and up close.
It tells you everything you need to know about the future direction of the market…
Tags: trading strategy
To get full access to all Money Morning content, click here
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post This Chart’s Shape Shows Where Markets Will Go Next appeared first on Money Morning – We Make Investing Profitable.
