Thursday, July 5, 2012

Technical Analysis of the SP-500 Stock Market Daily Chart


Steve Tung here the guy that loves to trade anything tradable!! From my bio you can see that I trade Stocks, Forex, Commodities and the futures market! This is my first post on this blog as I really just want to introduce myself and let you know what you are in for with this website!

There sure is a lot to go through with the amount of different instruments I trade but hopefully with the annotated charts you will soon see what I’m looking for when I’m about to enter a trade! I will be publishing my Charts so you can see the Chart Patterns I’m trying to Identify and also the technical indicators I use to give me my trigger to enter a trade.

I hope by letting you see visually the way I trade this can help you in your development in becoming a full time trader. If there is anything you would like me to go into further then please don’t hesitate to leave a comment below and I will do my best to go through any technical trading strategies I have in my repertoire of trading systems that I can bring to the table!

I know this post does not have any useful trading knowledge for you today. But I really just wanted to say hi and get your trading juices flowing to ask questions before I start getting all technical on your butt!

Here is a chart of the SP-500 and my observations for Thursday 5th July 2012 

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