S&P Hits Double Bottom, Algos Buy Hard As Do Smart Investors For A Quick Bounce

Market technicians say that 70% of the stock market volume is computer trading. We saw it in full effect today when the S&P 500 hit the double bottom lows from yesterday. This is a technical level and computer programs are set to buy hard. They sure did. The $SPY (tracking ETF for the S&P 500) jumped over a full Dollar (10 S&P points) when the double bottom was tagged. Knowing how to trade the charts is unbelievably important.

Just for future reference, the S&P 500 double bottom MUST hold today or this market is toast. You literally could see a 10% decline in the stock market if that does not hold. Be warned and join me on my live swing trades. Simply click *Get Alert* on my live trades and get instant acces to my exact entry, stop and target. The best thing is, you never pay me a dime unless I give you big winning trade info. For example, if in a week I make you 10%, you may reward me with $8. Awesome platform that favors investors and only favors great Pro Traders, not crappy ones. Sign up to Verified Investing today.