Times are tough

Why doesn’t technical analysis work in the current market conditions? I think that the technical analysis simply is revealed now. Support and resistance levels are found everywhere you look. In a quiet market with smoothly rolling charts, technical analysis gives a false impression of credibility. On ATH - trading on financial news sentiment I found a system that totally ignores stock prices and short-term fluctuations yet performs outstanding.

 

In volatile markets you use different tools and timeframes.
Support and Resistance levels should be used in relation to time frame you are using.
Do not forget that there is a big difference between trading stocks and futures (your link).
Chart is the best tool, and is a reflection of the psychology of individual market players/participants not the information such us financial news etc...

 

Maybe you're right that TA is best suited for individual stocks. Regarding index and such I still believe that the human brain is highly receptive to the current news flow and react to market movements in different ways depending of the sentiment.