One of the easiest ways for a trader to determine the trend of the stock market in the new year is to simply connect the dots. In this new five minute video, I explain how you can connect the dots in any market to determine its trend. I will show you three examples of connecting the dots.
1. How to determine a downtrend.
2. How to determine an uptrend.
3. How to determine when a market is making a change of direction.
One of the key components we look for is how a market closes on a Friday or the last trading day of the week. This is when traders have to decide what they want to do with their positions. It also tells you with a high degree of probability which way the market is headed for the upcoming week. This trading secret is brought to us by Adam Hewison who learned this from years of trading on the floor of the exchange in Chicago and it is one we would like to share with you today. I feel that this technique has a lot of validity, particularly in light of today's volatile markets.
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