Here Is A Powerful Tool for Trading Friday’s Move

Markets wrestled to find a direction last week and signs of a potential slide are looming. The NASDAQ gapped down at the open on Friday below its 10 day moving average which had been previously providing support. When prices are searching for a trend it can be a big warning. The moving averages can provide a very basic alert but often need additional context to really get dialed in and provide a clue to direction and price target.

It is always important to confirm these moves with other indicators. It is even better to use indicators that have proven successful in these types of market climates. Indicators like True Strength Index (TSI), Channel Commodity Index (CCI), and Fibonacci Exponential Moving Averages (EMA) can be extremely effective at finding an accurate path for prices in these bouncy moves.

If you think of it as a view from an airplane, the moving averages can give you the direction and the other indicators can get you right to the runway and help you determine the best way to land. Making that example even more true is the fact that we are kind of flying through the clouds right now and need a reliable beacon to steer towards. Wendy Kirkland has put together a training video that show how to combine the best indicators for times like these and proven strategies to spot and grab winning trades. If you missed the link to that video earlier, you can still access it here

 

 
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Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Universal makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Testimonials relate to various other products offered by Wendy Kirkland and not the product offered here, but all of these products are based on Ms. Kirkland's P3 pattern system. Performance results of other products described in such testimonials may be materially different from results for the product being offered and may have been achieved before the product being offered was developed.

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