US 100 IndexLong
Stock Market Overview
Of course, TA can't determine everything. As a financial analyst, you have to understand that. There is always a chance that some huge wall street guy will just insanely pump or dump some random stock that you may do analysis or invest in. But the chances of something of that level of extravagance occurring in the stock market today are extremely low. So generally, TA is pretty accurate, because it includes strategies that allow you to predict buyer behavior. By using the pitchfork method, you can see how the market has fell through 3 zones in the latest downtrend. This has happened because of certain political events that somewhat correlate with the stock market. For a month now, we have been on a complete down trend that has made billions of dollars evaporate instantly. I believe we are at the lowest point possible. We are in the bottom zone of the pitchfork. I think that we will have either a straight rise into the mid-zones, or have a slight fall then rise into the mid-zones. Either way it doesn't fall any deeper than we already have been, and it is an uptrend. This affects a majority of all stocks so stay alert.
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