The holy grail of trading is being able to confirm trend reversals. Using a proprietary indicator, I'm able to confirm, with a backtested over 90% accuracy a major trend direction change in the S&P 500.
The chart
On the left you have 3M candles. This is best for confirm a full blown bearish trend reversal as occurred in 2000 and 2008.
In brief, if on April 1st, price is BELOW the green line, there's a 90% chance price will not only continue down but that the longest bull trend in market history has come to an end. So watch that line and that date.
On the right you can see the 1M candle in the top right.
It's already breached it's support. If it closes on February 1st below the green line, price is likely to keep going down.
On the bottom right you can see the 1W candle. It's already clearly in a trend reversal. 1W is not long enough to predict overall market trends.
Time will tell, but my indicator, I call the Tenoris Indicator, latin for 'trend' is highly accurate back tested going back over 40 years. If you're interested in it LMK.
The chart
On the left you have 3M candles. This is best for confirm a full blown bearish trend reversal as occurred in 2000 and 2008.
In brief, if on April 1st, price is BELOW the green line, there's a 90% chance price will not only continue down but that the longest bull trend in market history has come to an end. So watch that line and that date.
On the right you can see the 1M candle in the top right.
It's already breached it's support. If it closes on February 1st below the green line, price is likely to keep going down.
On the bottom right you can see the 1W candle. It's already clearly in a trend reversal. 1W is not long enough to predict overall market trends.
Time will tell, but my indicator, I call the Tenoris Indicator, latin for 'trend' is highly accurate back tested going back over 40 years. If you're interested in it LMK.