Yesterday’s “Gap n Go” setup a perfect trend-down day scenario where selling the pullbacks with numerous Premiums Setups got us short with high Reward/Risk “profitunities”.
Our Market Top call from 8/2/13 has worked out extremely well with Inverse ETF’s /Put Option positions. Here is link to our Twitter Post alerting Members:
Prime Turn Date: https://twitter.com/TradePilotPro/status/364774556122116096/photo/1
Click on image to enlarge:
Prior Day’s Low (PDL) 1626.25 represents the Dynamic D-Level (DDL) taken from 8/22 low – 8/25 high swing. This level marks a short-term potential low for bounce attempt. Further violation and fail to recover of this level targets 1613 – 1617 zone.
IF PDL holds and price stages a rally, THEN initial upside retracement targets 1636 – 1644 zone. Prior Day Volume-Trend Midpoint (PDVTMP) is 1635 handle.
I am ready to trade. My patterns are verified. My homework is complete. My mind is clear. I have rehearsed everything. I am prepared strategically, emotionally, and financially each and every day