Month’s Theme: A brief peak that’s easily missed followed by a decline through multiple support levels. That’s crossed with erratic behavior back and forth through the same price level.
Behavior Around the High: The first high is likely around the 8th and the second one is between the 28th and the 30th.
Behavior Around the Low: The low is likely on the 16th. We’ll likely revisit the low on the 22nd.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position at a high on the 7th. I would close that the following day on the 8th at a low. If the 8th doesn’t work, the 9th should have another opportunity to close.
An opportunity to open a short position on the 14th in the midst of a notable move to the upside into a crest midday. You could close that at the end of the day on the 15th.
An opportunity to open a long position when revisiting a support level on the 22nd. You could close it either on the 27th or the 29th.
An opportunity to open a short position for a day trade on the 27th.
Sneak Preview:
A prominent peak and trough in December.
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