The ‘Force’ is With the Market, So, Let’s Use That ‘Force’!
This Chart Contains More 'Secret' Info . . .
As you well know from Life, 'Things are not always what they appear to be.".
That piece of Wisdom especially applys to the Markets and the Stock Market is no exception.
Beyond just the apparent price 'action' that is displayed on a price chart, one should also consider the magnitude or power of the 'Force' behind the bars or candlesticks we're viewing.
When, these 'forces' are also considered, we'll find that there are levels of 'momentum' that are associated with the prices displayed that can tell us important things about the nature of the Trend that we're viewing.
We're Presently in a 'Hyper-Expanded' Market Environment!
If you observe the chart directly above, you'll see a red angled line on the left-side of the price chart.
The Momentum represented by this red line is exactly duplicated from the new Low established in 2009, however, this time prices were able to stay ABOVE this momentum line, meaning the trend was even stronger than what occurred originally.
After several years of strong Market price movement upwards, I placed a new Momentum Line shown in Blue.
This even steeper momentum line was broken through on the upside in late last year, (2020).
This new Blue Momentum Line was exceeded and prices have surged strongly upwards since that Year.
What this indicates is that prices for the Stock Market have entered into an exponential climb phase, which, often means that the end of a Market Price Move is drawing near.
This doesn't mean this market can't be traded. No, not at all.
In fact, if done correctly, exceptionally large profits lie ahead for the astute and knowledgeable trader.
The extreme market price momentum is the 'Force' we can work with in order to make those large profit moves our own.
Don't Fight the 'Force' . . . Use It!
As we're viewing a Yearly chart, one could expect this top to take place in 2022 or 2023, depending on if the market is able to increase it's momentum even more as it;s time of ever higher Highs draws to a close.
As I've been accurately calling Higher Highs in this Market for many Years now, (and, correctly by the way, even when everyone else was expecting crashes all along the way), the acceleration of the Yearly price momentum is now flashing a warning sign to watch this market ever more closely on the shorter-term time scales.
Stay alert! - George
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