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This Chart’s Shape Shows Where Markets Will Go Next

Tuesday, October 11, 2016 2:17
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(Before It's News)

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

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The post This Chart’s Shape Shows Where Markets Will Go Next appeared first on Money Morning – We Make Investing Profitable.

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