S&P 500 Had a Gap and Crap
from MyStrategicForecast
Today’s market featured an announcement from the FOMC (Federal Open Market Committee) also known as, Kabuki Theater. Today the major markets had what we aptly call a “gap and crap.” It’s where the market trades higher right out of the gate, only to peter out and finish poorly at the end of the day. It’s always how the market closes that more important than how the open them... The analysis found in these videos is appropriate for both beginning Traders and experienced Traders alike. We look at only technical analysis using charts from various time frames using various vehicles. We use only the Candlestick charts and moving averages to determine our next best case scenario.
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