How can I use the PRICE MAP NASDAQ (ND) and S&P500 (SP) Index analysis to trade individual stocks?
The PRICE MAP shows shifts in market momentum. Stocks traders should note how their stocks are reacting when the ND or SP are rising or falling. When the index that best mirrors a stock is found, reactions off the specific PRICE MAP levels should be used as signals for that stock. If a stock that typically follows the ND is reluctant to break when the ND is selling off, it is a sign of strength that will provide a good buying opportunity when the ND approaches support or produces a buy signal.
