Month’s Theme: The beginning of a rally.
Behavior Around the High: A notable move to the upside even in the face of seemingly overwhelming headwinds.
Behavior Around the Low: A significant trade opportunity on a one-year chart.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position for a day trade on the 3rd to open earlier in the day and close toward the end of the day. You could also hold it for a swing trade over the weekend and into the 6th.
An opportunity to open 50% of a long position on the 15th and open a short position the morning of the 16th. I would add another 50% of the long position on the 17th.
I would close the short position opened on the 16th on the 17th. There’s also a trough to close at on the 21st.
An opportunity to open 50% of a short position on the 22nd and the other 50% early in the morning on the 27th. I would close out on the 30th or hold into the following month.
Overview
We’ll have a lowest low thus far on the 6th followed by a highest high thus far on the 10th. We may have another lowest low on the 15th. We’ll go from a prominent trough on the 17th into a prominent peak on the 20th. There’s a gap down overnight into the 21st but the 22nd may be a higher price level than the 20th. On the 28th, we may revisit the high on the 20th/22nd. There’s a notable decline on the 29th/30th that increases with momentum as we move into December.
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