The Market Map - Your friend on volatile days

The SP500 Market Map did a good job on a volatile and tricky day. The SP500 gapped down some 10 full points. During the day there were some minor inversions, but the turns were pretty spot on. The Map pointed to general weakness for most of the day. Towards the end of the day the SP500 rebounded sharply. At this point we had already been short for most of the day, and captured most of the movement.

The Market Map is not a substitute for understanding classical technical analysis, such as support and resistance as well as volume spikes. Rather the Market Map enhances the classical technical's, and work side by side, by providing valuable trend analysis and more importantly accurate turning point analysis. In this case the Map failed to identify the rally in the final hour. The lesson is to manage your trade. The Map is an invaluable aid in doing that.