AbleTrend Signals Before and During this Week’s Historic Events
Nearly two months ago, AbleTrend gave a sell signal which took us through one of the stock market’s worst performing starts to the year in recent history.
While the story had centered on inflation & the Fed, tensions were brewing in Europe, ultimately leading up to Russia’s full-scale invasion of Ukraine.
Yet, when the news hit & the sell-off reached a fever pitch, markets suddenly, and sharply reversed. This reflects an important lesson about market dynamics. With stocks down over 22% off highs, in just over a couple months, we had short covering or profit taking.
Below, intraday charts showed the story unfold this week. Despite the extreme volatility, AbleTrend signals remain a consistent guide for navigating the price action
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