The Stock Market Is About to Change Direction
Click Chart this Chart to Expand and Look Closely At the Underlying Indicator
We have a proprietary indicator at TradeTimingPro that we often use to pinpoint market bottoms.
Market tops are often very difficult to call due to the inherent nature of the stock market – it’s very purpose is to go UP! Need proof that the market only goes up? Here’s a chart of the Dow Jones Industrial average that might be eye opening for some; and for others, a reminder that “you have to be in it to win it”: Dow Jones Industrial Average
Every so often our TTP indicator alerts us to a high risk of market direction change in the short term. And that, folks, is what we are seeing right now.
This chart goes back to mid 2022. Each time the TTP indicator on the bottom touches the top band of the red zone, the market goes on to change its trend.
A market can go in 3 directions: up, down, or sideways (no trend).
At the present time, the market is gearing up to move sideways or go downward.
What does this mean from a risk management perspective?
It means it’s time to be EXTREMELY selective if you are going long (buying to hold) new positions here and now.
If you’re interested in more detailed and precise forecasts, sign up to our free quarterly TradeTimingPro alert here.
To your success.