By Adam Hewison
This is just an update on using the internal forces of the market to time new positions. In this short video we look at the internal workings of the S&P 500 index.
We will be using in this example the free technical tools to help time a position. The number one tool we will be using is the Fibonacci retracement tool which just comes in beautifully in this example.
The second tool we are using is the Welles Wilder parabolic SAR. This tool is very useful for confirming entry and exit points when combined with our Fibonacci retracement tool.
The last tool is the MACD or as it is commonly called the MAC-D. This tool once again can help in timing the entry point using an intra-date chart.
Enjoy the video.
The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
