Where are the Stock Markets Heading ?
The stock markets have been generally up since early 2009, which is very annoying for anyone not in the markets and also slightly incomprehensible given the turmoil in world economies over recent years (which still does appear to be finished).
Over the last couple of days however the markets have been in a very slight downtrend, and there hass been more turmoil in European economies, so where are the stock markets headed next?
According to day trading expert Oscar Carboni the downtrend is over and the S+P headed back up again. Check out his reasoning and analysis of the charts below.
For a more general analysis of stock charts and how to interpret them take a look at the old school chartist's basic analysis of trend lines and what to make of them.
The trend is your friend they say, so understanding the trend is very important if you want to make money stock trading based on the charts.
For more information on trading using stock charts see - stock charts basics
Click here to read a preview and customer reviews of Day Trading For Dummies or Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups over at Amazon .