The recent action on the S&P has produced what most would consider an Inverse Head & Shoulder pattern on the weekly chart. This pattern is typically a solid reversal signal when seen at the bottom of a downward trend. Traditional Technical Analysis wisdom would say to enter a bullish position if/when the neckline is broken to the upside. However for those who are following Elliott Wave progressions a solid bull move is not in the near future. I wonder who will win?
Really who cares? The important thing is you are prepared as an investor to profit on both sides of the trade no matter which way the market moves. If you don't have that kind of trading confidence you should consider taking this month's Foundations of Stocks & Options class which starts tomorrow night. This is a $600 class but we're waving tuition. So sign up and learn how you too can profit with any market swing.
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3 comments:
Hi Jeremy,
I attended your level 1 class. Is there any follow up class? In that session, all we learned were very basic.
Hi Smart, Level 1 is actually an 8 class series, not a single class. Perhaps you saw the video we have posted of the first class in that series (which is pretty entry level -- you're right_
Oh... part b here :) We do have 16 additional classes for students that desire to continue after Level 1. You can see an outline of these classes on our website.
We also have a 20/20 class coming up this Friday -- with a few seats still available. This class takes a closer look at Credit Spreads.
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