Trading Trendline Breakouts: A Simple Tool
Trendlines offer high probability set-ups to trade the trend or a reversal.
One of my goals with this newsletter is to find real-time examples that make for great learning opportunities.
Now is one of them, and it’s with a trendline break in stocks. This happened today.
Trendlines can help you confirm (or negate) reversals, because they offer very high probability trade set-ups.
If you haven’t read my articles on trendlines, do that here. Just know this…
The market is at an inflection point, so pay close attention.
Strong money flows suggest this bull move is here to stay, but you never know with earnings season.
Any move higher needs good news to sustain it. Either way, pay close attention to price and look for a breakout above 3,900 on the S&P.
If we close at 4,000 this week, rest assured, the bulls will pile in.