February 12, 2015
Trades & Tutorials
By Geoff Bysshe
U.S. Stock Indexes Are Setup For A Major Move
That Will Create A Huge Trading Opportunity In 2015
With the major U.S. equity markets like the SPY and QQQ at the top of long term ranges it's hard to know if the range will hold again, or if a massive breakout opportunity will begin very soon.
In this quick video you'll see one market that is nicely correlated with the SPY, and therefore, it may give you an indication that a breakout will follow through.
However, as I explain in the video, don't assume the correlation is exact or that it indicates both bullish and bearish moves. You need to be careful when assuming that one market is an indicator for another. Inter-market correlations shift over time. And sometimes, like in this case, they are more reliable in only one direction.
My intention here is to focus you attention on a very simple, specific, and longer-term pattern, NOT a general inter-market correlation or a day-to-day indicator. If you trade the U.S. indexes, ETFs or stocks, I think this may be helpful very soon.
