Crazy week for the markets wouldn’t you say? But with Friday’s huge break of the most recent 2 month trend and the 25% spike in the VIX, I think we are just starting what could be a very painful February for stocks.
But how could we have seen this coming?
With my coaching students I continuously preach how important it is to use and rely on simple, consistent indicators for technical analysis. Sentiment, momentum, support/resistance are all very easy tools to use if you just FOLLOW THE SIGNS! Most traders see the early signs but they sucked in by their emotions and the news.
What’s next after Friday’s 2% drop?
In this video I’m going to show you how I used simple technical analysis to see this recent sell-off coming a mile away. Plus, I’ll show you AGAIN why I thought the VIX was setting up for a huge spike. At the end of the video I’ll go over the targets for the next levels of support in February.
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Kirk - Admin
479 days ago
I know you can probably barely hear the video within the video for the VIX…just try to turn up the volume or click here for the link to that original video: http://www.youtube.com/watch?v=SDvfkXOIS3s
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