Choppy Day – What Goes Up, Must Come down!
The market seems to be topping out around the 1360 level. We are seeing a lot of choppy action, low volume, and low volatility. What goes up, must come down. We shall soon see.
The tipping point for the markets could be Greece. They were downgraded today by Fitch! They say the near term default rate is very likely. I agree. The global economy simply has too much debt. It is unsustainable. Anyway, learn more about the Fitch downgrade here.
Learning how to trade during these tougher times is a very smart call! We know the markets will probably take a turn downward. In fact, we are expecting it. Really, though, it just doesn’t matter. We can trade for income in ANY market environment!
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Enjoy the day!
Cheers
David
Professional Indicator Version 2 information refresher
