SPY (Spyders) Study – Chart Analysis

We study charts to learn more, to improve, to make money. If we want to find new winners we can learn a tremendous amount by studying past winners! Patterns repeat because human emotion doesn’t change. The emotion of fear. the emotion of greed. the emotion of euphoria.

It’s crucial to analyze each and every bar, the open, the close, the volume.

We study/Analyze: today’s volume vs. previous days’ volume. We study price action at/near key moving averages. We look for patterns where the path of least resistance may change. Remember, we don’t forecast. we watch and get in line with what “is.”

Charts talk, we just have to listen.

Wednesday, July 19, 2017