One of the easiest ways to determine the trend in any market is simply to connect the dots. In this five minute video, Adam Hewison, President of INO.com, explains how you can connect the dots in any market to determine its trend. He will show you three examples…
1. How to determine a downtrend.
2. How to determine an uptrend.
3. How to determine when a market is making a change of direction.
One of the key components to look for is how a market closes on a Friday or the last trading day of the week, as this is when traders have to decide what they want to do with their positions. It also tells you with a high degree of probability which way the market is headed for the upcoming week.