The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Tuesday, November 12, 2013
All Equity Indices Rejected @ Resistance and Moving Lower
The expectation for lower trading volume is pretty much widespread this week n the equity markets and that could wreak havoc with traders. Futures are finally responding to resistance in a negative way and are moving lower after hours. Who knows if it will stick but if it does could be the beginning of something much larger than 99% of market participants are prepared for. Watch 1740-45 in the /ES. If we are below that level by 8am cst. then this move lower is for real. If not, then the possibility of a head fake will be higher.