Charles Dow is known as the grandfather of technical analysis for his ideas that lead to the formation of Dow Theory. One of the main concepts within Dow Theory is confirmation. Confirmation happens when The Dow Transportation Average confirms the trend of the Dow Industrial Average. In other words, the companies that transport the goods […]
Everyone is Watching This Key Resistance Level
The S&P 500 has rallied 10% in the past 19 trading days from the December 2018 lows. Avid chart-watchers are well-aware that weβre currently testing key resistance in all three of the major US stock market indices. There has been a ton of chatter in specific, about the 2,600 level in the S&P 500 index. […]