Simple Relative Strength Trick Finds Breakouts Earlier
Most traders miss breakouts because they only look at price.
A chart can look flat, boring, or stuck in a range… while underneath the surface, it may already be showing strength.
In this video, you’ll learn a simple Relative Strength trick that can help you spot stronger breakout candidates earlier by comparing an asset against a benchmark like SPY, QQQ, Bitcoin, or a relevant sector ETF.
This is not RSI.
Relative Strength Analysis shows whether a stock, futures market, ETF, or crypto asset is leading or lagging compared to the broader market.
Relative Strength is not a buy or sell signal by itself. It is a filter that can help you identify leadership before a breakout becomes obvious.
Shane Daly, NetPicks Options
Author
Category: Options Trading Strategy
