Do you ever look at something long and hard enough to find the hidden pattern? Maybe it’s to something you’ve been working on recently, or the way traffic runs on a street near your home throughout the day.
In any case, patterns often lead to distinct advantages. If you find the pattern for something you’re working on, you may be able to duplicate it faster. If you find the traffic pattern near your house, you might be able to use your time more efficiently by understanding when to leave from or return to your home during the day.
But patterns get really exciting when they give you an advantage that could directly add to your bank account…
The name of this column is Profit Hunter, and that’s exactly what I’ve been doing for you.
And dating several weeks, a pattern has emerged regarding the overall market, namely the benchmark S&P 500 market index (SPX), which basically represents the stock market as a whole.
At this point, it’s probably easier to just show you what I’ve found rather than trying to tell you, so look at this chart of the SPX from Stockcharts.com:
See that curvy blue line?
That’s the 150-day moving average, or 150 DMA. That’s the average price of the SPX over the past 150 days.
Now look at the right-hand part of the chart where the three arrows are.
See how the SPX price has bounced off the 150 DMA 3 times in the past several weeks, including yesterday?
Patterns like this one may not last forever, but they certainly aren’t coincidences. And that’s why studying the technical aspects of the stock market can be so beneficial.
Of course, I’m happy to do this for you and bring you my discoveries. And I can even show you how to profit in a huge way from this pattern.
If you’d like to see how, check out Stock Code Breaker now.
