ChartPros Market Insights

So often I get asked "Tom, where do you think the market is heading?"

I start by saying the better question is "where could the market be heading?"

Because what I think doesn't matter to price action and no one knows with any certainty where the markets are heading. 

I don't make predictions, I don't call tops/bottoms however, I may react to price when it reaches a predetermined level of interest by trading or investing in that particular index, equity, commodity, Forex, etc.

Let's take the S&P 500 for example using it's futures ticker /ES...

ChartPros has become a New Trader University partner which is led by world renowned trader Steve Burns.

Steve plans to feature and highlight ChartPros expertise with Fibonacci and periodically will provide access to ChartPros free trading tips and price action courses.

It was 4^th of July, 1976 when I was 11 ½ years old and I can still vividly remember all the fuss and excitement about our country’s 200^th birthday – the bicentennial.

Have a happy and safe holiday.

God Bless the USA!

Fibonacci, often referred to as “Fibs”, are one of the most commonly used tools in Price Action Trading for trending markets in helping create measured price movements which can assist you in creating bi-directional future levels of interest and anticipate trend reversal zones.

This free guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.

So my nervous neighbor was asking about the markets last week... this is what I said... LOOK OUT BELOW!!!

Regardless if price goes up, down, or sideways we like to be prepared with actionable levels.  Today is no different.