SPX was very correlated to 10s-2s throughout 2010 and until oct of 2011. Since then the curve has diverged quite a bit from equity and is leading the way lower. Simply put the yield curve is flattening downward. All eyes on the curve.
Welcome to Tape Reading Wednesdays!
We continue this week of tape reading video lessons by going over a bear flag on the tape in Goldman Sachs (GS).
We will be going over how Goldman Sachs (GS) had a quick down move, then started to bear flag, and eventually traded lower.
We spotted a great opportunity to get short via the tape, instead of just waiting for the pattern to be completed.
This alone was a chart indicator and tape indicator that showed Goldman Sachs (GS) was weak at that level.
Lets get started..
The first part s going to be about traders, discipline, life and how that transitions to real world stuff. From discipline to risk/reward, so let’s get started.
Youtube’s fkn retarded.
