studying stock market trends
Tuesday promises to be a strong day
Markets were closed for Martin Luther King Jr. Day, but Russell 2000 futures are trading. The directional movement study (DMI) is bullish and rising. The average directional index (ADX) reveals that trend strength has edged up since the DMI turned bullish on 15 January.
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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.