Market action is heavily dominated by algorithmic trading and programs. Nothing new about that and it’s a reality of the market environment. In December algos were blamed for the steep sell-off, nobody is blaming them during the massive bounce off of the December lows. Funny that.
Irony aside knowing where these algos live and where they change direction is a critical edge to decipher in today’s markets. One of the key tools we use to keep a tap on them are trend lines and in this brief video (recorded January 8) I highlight some of the fascinating ping pong action we’ve come to observe and respect in markets.
Note: News cycles and events may be triggers, but trend lines often give you a destination and potential key turning points of support and resistance. And finding these ahead of time can provide a significant edge.
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Categories: Market Analysis
Sven, as with anything you post it is very helpful and I would love to see any of these as often as you have time for. Jim Collins
Really interesting to see how you look for relevant trendlines, Thank you and would love to see more in the future.
Thank you for taking the time to put this video together. It is very helpful to hear your thinking and analysis in deciding where to draw a trend line and how much to read into it.
Helpful? Yes, very much. Thank you for posting. Much appreciated.
Thank You. Very Helpful!
Really helpful video. Thank you for posting. I would readily welcome more like these to improve my technical knowledge. Thanks again.
Very educational and helps put market movements in both short and long term perspectives. Would like to see more.
Great Video. thank you
Super Helpful. Thanks so much for posting!
Thanks for all the comments. Glad you found it useful!
Really interesting – thank you. It would be great to see more of the same whenever you have the time and inclination.
Excellent. Always helpful. Trend lines absolutely matter. The 2350 Xmas Eve low – I believe – marked the 10 year trend line off the lows from 3/09. Now that is a Power Trend line!
Thanks Sven. Please most these interesting trendlines again from time to time.
Awesome video, like giving sight to the blind. Please don’t stop!
Very interesting video. Are there advantages to using a log scale for this analysis?
Always very much enjoy your writing and perspectives
Excellent tutorial ! Really appreciate it !
Sven really like the video. Never thought to look look at it that way.
mmmm looks very much like #MULTIDIAGONALS https://twitter.com/BANGONtrader/status/942110840458801158