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Bumping Against Resistance – Mar 13, 2019

MARKET COMMENTARY

A review of the SPX ATM spread expiring Friday at the 2790 strike has priced at 22 points leaving us 2812-2768. We should fade off the high edges of this range before buyers attempt another move forward- as yesterday. Resistance should send sellers pushing price into higher support fade that can prevail. Buyers showed up to hold 2791 yesterday – so that will be the support line in the sand today.   Markets remain volatile.  

YESTERDAY’S EARLY MORNING WEBINAR RECORDING

Our Metastock Map for swing trades, TARGET RICH TRADES, has engaged with the test and reversal off 2799. We will add to this position if we test 2807. The stop will be 2813.5 We are going to trade around this position until it gives us more traction to add to the short. Near term supports sit at 2791 and 2786, our initial targets Divergence and defense of recenlows tell us buyers still sit below.    Here’s a link to the software

How about finally starting that trading journal?

You should – Here’s an easy way to keep track of your progress

PROTECTED DATA SITS BELOW –

IF YOU CAN SEE THIS LINE, YOU ARE LOGGED IN 

NEW LINK FOR TRADING DATA EXCEL SPREADSEET –

Please download the link for the newest data

WEBINAR LINK FOR THE LIVE TRADING ROOM FOR THE WEEK BEGINNING MARCH 11, 2019TODAY’S WEBINAR RECORDING LINK

YESTERDAY’S webinar recording

HOW TO TRADE THIS SPREADSHEET AND TRADE MECHANICS IN GENERAL- STUDY VIDEOS SERIES

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