Month’s Theme: A sideways-fluctuating rally that precedes a decline. That’s crossed with a fast, sudden move higher standing out on a multi-day scale.
Behavior Around the High: A notable opportunity standing out.
Behavior Around the Low: A significant fake out.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position on the 6th and close it on the 7th.
An opportunity to open a long position in the midst of a decline on the 11th.
Overview
On the 1st, there’s a prominent trough that will stand out and a big move out of that trough. On the 4th, there’s a prominent peak and a prominent trough highlighted with a lot of price change. On the 5th, there’s a rally higher in the late morning. On the 6th, we’ll go from a trough early in the day to a highest high in the midst of price swings. If we meet that high I would open a short position and close it toward the end of the day on the 7th. On the 7th, there’s sideways rotation and a lowest low thus far. We may see the same low on the 8th.
On the 11th, we’ll have a trough at the beginning of the day and a trade opportunity. There’s then a significant peak toward the end of the day. We’ll likely open lower in a trough on the 12th.
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