Month’s Theme: A rally along a diagonal trend line. We’ll break through horizontal resistance to meet a secondary resistance before pulling back to somewhere between those two price levels.
Behavior Around the High: A decline off of the highest high that offers an opportunity to open a long position.
Behavior Around the Low: A period of sideways rotation establishing support followed by a big move off of the low standing out on a one-month chart.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a long position either on the 3rd or the 6th. I would close that on the 6th at a high.
An opportunity to open a short position on the 7th. I would close out of that at the end of the day on the 7th or first thing in the morning on the 8th.
An opportunity to open a long position at the end of the day on the 7th and close either on the 8th or the 9th.
An opportunity to open a short position on the 8th and close it on the 10th. If that doesn’t pan out, there will also be opportunities between the 13th-16th.
An opportunity to open a long position on the 13th and close it the following day at a peak or crest. There will be another opportunity to close on the 21st/22nd.
An opportunity to open a short position on the 24th in anticipation of new lows the following week. I would exit any short positions at the end of the month.
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