Bull Admits Stock Chart Patterns Screwing Us

My pal and stock forecaster with Market Club, Adam, is going to share with you his reading of the S&P 500 stock chart.

You previously saw my interpretation of the S&P 500 stock chart and best guess for July therefore why am I showing you another analysis video on the S&P 500 stock chart?

I’m of the opinion that you can’t watch enough technical analysis videos. Every person has their particular method and approach when evaluating charts of stocks therefore try and look at as many technical analyst videos as possible. One stock analyst may well concentrate on something that an alternative technical analyst just briefly mentions.

Make note of the common threads or central points you see and hear mentioned in different stock analysis videos. You will see that when 2 or 3 unique analysts bring up the same thing in a stock chart, it is a good idea for you to keep your eye on that precise formation or price level.

If you are a technical analyst yourself, and I hope you are as my aim is to teach you as much as I can on how to develop into one, then studying technical analysis videos from several market analysts will facilitate you in your own stock trading and in creating your unique content for your website, video, or just to speak about with family and friends.

In this episode, Adam takes a swift look at the S&P 500. He draws three moving average lines: the 50, 100, and 200. Adam did this video on June 30th and he talks about the Burial Cross that all technical analysts are keeping their eyes on: the 50 day moving average breaking below the 200 day moving average. Seeing as this video was prepared on June 30th, we have had a Burial Cross since which means now is a terrific time to short this market.

The Trade Triangle grade on the S&P 500 is -90 which suggests a good downtrend.

If we do a Fibonacci Retracement of the bull run that began in March of 2009, then a 38.2% retracement is at 1011, a 50% retracement is at 947, and a 61.8% retracement is at 883. These are our 3 support marks on the way down. Adam’s sentiment is that we are headed to the 50% to 61.8% retracement area between 947 and 883. Provided Adam is correct, we stand to make a lot of money on the short side. Keep in mind also that 70% of all Fibonacci Retracements go down between a 50% and 61.8% retracement area.

To watch the video talked about above go to Mind Blowing Stock Chart Pattern