This does not look like that

I write a lot of words, but sometimes words aren’t really necessary.

I’ll just leave you a look at the current chart of the S&P 500 index (daily), alongside the chart from last year.

This suggests that the market environment may have changed, perhaps? Do you see why I am telling my clients this is a “heavy” chart?

Food for thought.


Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.