With some of the biggest market churn in years it is easy to forget that the tried and true tools that have been around for years still work. And work well. Specifically, there is one indicator that has been around for about 50 years that is a must have tool for navigating markets like we are seeing right now.

Being able to determine where the strength is in a price movement can make the difference between a win and a loss. The key is understanding how it works and all of the key info it is revealing. The Relative Strength Index was developed by Welles Wilder and is included on every charting tool today. While it is easy to just click the button and have it appear on your chart, it’s real power comes in what it is telling you.

Here is a quick explanation on how it works using this weeks market:

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This is the kind of info I share with the folks getting my Key Point Trade alerts every single day. If you want to check it out, just click here to start for just $1.

Keep an eye out this week and I’ll update on what we are watching.

Thanks,

Joe