How To Pick Bottoms Without Getting Stinky Fingers!Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping.
In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in your market of choice. The best markets for day trading being futures, of course! 🤑
Turningpoint
FEAR index - VIX vs. SPYHello traders,
we will try to implant a new point of view on the markets today. What if I told you that there is a tool that can find a bottom in the AMEX:SPY market?
This tool exists and is called CBOE:VIX .
If you compare these two graphs, you will easily see, that almost every extreme in the VIX market found the bottom in the SPY market.
Yes, it's that simple. Try to implant this tool in your trading. You will appreciate that. 100% guaranteed.
Good trading.
FINEIGHT team