Tradespoon has an awesome tool to help you with many facets of your day-to-day trading. Take a look at our Seasonal Charts; we are expecting choppy action to continue into February. Focus specifically on the S&P 500 ($SPY), the Index ETF, which has a 67 percent correlation since measuring historical performance in 1993.
Using Tradespoon Seasonal Charts you can develop a clear expectation that between now and February 10th, you should expect choppy action before we see any indicators that that an upside action could potentially continue.
Obviously, you should not trade on this data alone. If you are strategically minded, you should think about deploying strategies that take advantage of, or mitigate, a whippy market.
Education is key to know how to take advantage of these market situations. Make sure you sign up for a webinar that will navigate you through this very strategy. We will demonstrate how to take advantage of short-term choppy markets as well as long-term bullish trends.
Tradespoon webinars offer great educational opportunities for a multitude of trading scenarios…http://www.tradespoon.com/webinars.php
See you next time at the Corner!
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