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!
Monday, November 11, 2013
Fork in the road...
The Nasdaq 100 and Dow Jones futures are touching intra-day resistance. Lately the Dow has been leading so taking cues from it's price action will likely give an early heads up to market direction. A close by the /YM above 15740 today could lead to even more short term strength. However, don't be surprised if selling begins to push the markets lower later in the day as sellers respect short term resistance.