Do you have any core beliefs when it comes to trading the markets?
You know, the beliefs that you stick to no matter what’s going on with Wall Street or your portfolio.
Our most important trading beliefs define how we act in the market. For example, we believe in technical analysis and the idea that the market traditionally follows patterns that can be predicted — like when a market will make a u-turn at a specific price point.
Right now, the Nasdaq 100 is trading within a defined channel that makes it easy on us to comfortably predict when the next u-turn will be based on its support and resistance.
But will these channels continue to hold? Or will the Nasdaq break previous support and create a bullish market trend?
P.S. There’s a lot going on in our country right now. The attack on the U.S. Capitol building the other week made that perfectly clear.
Meanwhile, unemployment numbers are still high and the coronavirus continues to ravage many parts of the nation.
It’s enough to make any investor nervous.
So, we’d like to help you through this uncertain time by giving you a trading strategy that worksregardless of which direction the market’s headed.
Considering the current political, social and economic climate, it couldn’t come at a better time.