To gain an edge, this is what you need to know now.
Line In The Sand
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- A large number of investors in the stock market follow traditional technical analysis.
- Certain aspects of traditional worked well until the 1980’s, and then they progressively stopped working. The reason is that technical analysis has now become easily and widely available. Whatever becomes well known often stops working in the stock market.
- The chart shows the line drawn in the sand by many bullish technical gurus.