It’s about understanding the past to profit in the future.
The price action on one of them has all the hallmarks of a low and the start of a new uptrend. The other is now trading above a major swing high and is in a very strong technical position.
Wait for the stock price to bottom out before buying…
In times like these, a lot of folks turn to precious metals. In reality, that’s not a good plan right now and my focus will be on the trading opportunities in the months ahead.
Even basic technical analysis can give you an incredible edge, and help you make money even when stocks are down.
Right now, the probabilities are very high.
In short, we could either see a continuation and breakout like 1999, or, like in 2009, the start of a larger correction.
Microsoft (MSFT) and Square (SQ) are offering traders plenty to focus on – and some exciting trading setups.