studying stock market trends
Trend Guidance increasingly bearish
Three of seven trend guidance systems I am watching are now bearish. The volatility spread turned bearish on 31 December, while synthetic volatility and the RSI trend indicator turned bearish on 2 January. One or two continue to look bullish, while several more (like the moving average crossover system) look as if they could turn bearish if recent weakness continues.
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Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.