The last eleven trading sessions in this market has been anything but easy. Anyone suggesting otherwise is not being completely honest. Sure there is money to be made trading stocks, but the back drop of the Fed looms heavy on market participants and what they might do to prop this market up and keep from falling further into the red.
Today's we saw the SPX drop below the lower Bollinger Band, which is surprising really considering that we were just trading above it a few weeks ago.
I've talked in depth in the past about what happens when the markets track above the Bollinger Band, but haven't focused on it as much when it goes the opposite direction. I tackle that in this video here, and how you can be prepared for the market's next move as a result. .
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>