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Chris Vermeulen

Chris Vermeulen

Chris Vermeulen, founder of AlgoTrades Systems., is an internationally recognized market technical analyst and trader. Involved in the markets since 1997.

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Rogue Price Spikes Can Make You Money

Stocks are taking a breather today from the recent rally off our cycle lows and support level. As explained and shown in this morning's video we are expecting stocks to stall out over the next 5 days and become choppy.

Any weakness in stocks means money will flow into metals and that is what happened on Thursday afternoon.

I did stumble onto the pre-market chart of GLD today only to notice a pre-market spike just like what we have been seeing in the SPY ETF for the broad market.

Take a look at the chart below of GLD (Gold Price)...

Gold 30-Minute Chat

Watch Video On Price Spikes For SP500/DOW/NASDAQ/RUT 2K

 


More Charts & Video Examples to Learn

I have shared this trading tip and strategy many times in the past but here are some recent examples where it happened a couple weeks ago repeatedly with the SPY ETF: Click Here

I found another video I did in 2014 showing this same strategy in the COW ETF fast FORWARD to 7:05 minute in video to see these great examples: Click Here

 

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