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Trading below the pivot point, particularly at the beginning of a trading period sets a bearish market sentiment and often results in further price decline, while trading above it, bullish price action may continue for some time. In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market ...
On the one hand, what a month. But on the other, what a week. Last Friday, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closed just off record highs, with the former above its 6,100 mark after ...
A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical ...
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
Stocks rallied again, with the S&P 500 climbing 2.7% last week. The index is now up 11.8% from its October 12 closing low of 3,577.03 and down 16.6% from its January 3, 2022 closing high of 4,796.56.
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This indicator uses two (or more) moving averages, a slower moving average and a faster moving average. The faster moving average is a short term moving average. For end-of-day stock markets, for example, it may be 5-, 10- or 25-day period while the slower moving average is medium or long term moving average (e.g. 50-, 100- or 200-day period).
Obviously, if everything you needed to understand when to buy or sell a stock could be boiled down to a single article, everyone would be rich. The truth is that there's no simple answer when it ...