Market Seeks A Footing, But Will It Hold?

A Winner In the Tug Of War Is Taking Shape, But The Process Reveals Much More
 

 The bulls are gaining a slight edge in the markets but it is extremely precarious. Technically, an uptrend has been in play since the middle of August but with the stomach-turning drops along the way it sure doesn’t feel like it. The S&P jumped back above its 50 day moving average last week showing some momentum. This could fuel more buying and a higher rally but any slight breeze could tumble the house of cards. When you zoom out, however, these patterns have been pretty consistent and when the chaos becomes consistent, there is money to be made. 

Spotting Potentially Lucrative Patterns Isn’t Impossible

We all know price patterns are no guarantee of direction but they can stack the odds way in your favor. Knowing which patterns are more consistent is certain market climates is the key to pushing that advantage even higher. Rob Ables has found a pattern that has been remarkably reliable and these peaks and valleys on the charts as the market churns are making it even more clear to see. He sent out a message about it earlier that explained what to look for. If you missed it you can still access it here.  

 

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