studying stock market trends
Signals remain bullish, but some are starting to setup for reversal
The discretionary/staples study anticipated the bottom nicely on 4 February and remains bullish today. However, the relative strength of staples and discretionary goods may be shifting. Note the way the study is setup to penetrate down through its moving average – a bearish signal.
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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.