Ouch, I don’t think we have seen this much consecutive red days in a really long time. What’s happening? Is the bullish trend gone? Are we all about to go broke?
Generally the last thing a trader should do at the sight of red is run, but eventually it gets to a point where it is time to figure out if this is just a short-term effect or if the trend is here to stay for a while.
In Adam’s latest video analysis’s he looks at the downside targets of both the Dow and S&P 500.
Other than the typical analysis, the video also jams in some educational content – fibonacci, price targets, divergence, and MACD.
Watch each one below -
More on this topic
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S&P 500 Chart – The Art of Technical Analysis
(My Trader's Journal, 1/22/12)
Three Reasons Stocks Could Jump 18% in 2012
(Wall Street Daily, 1/24/12)
Why We May See a Rally in U.S. Stocks
(Money Morning, 12/19/11)