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Red Today.
Projected change— +6 day overdue
(Highly probability of change is overdue)
April’s Note: The S&P 500 hit another all time high today, and the energy is red. If you read my note yesterday, I’m not surprised. Typically, I don’t initiate a new trade until we get confirmation of the change of directions with two days in a row with the same color. Since we are quite overdue, and I saw a couple of other indicators (for me, not a strong as these color reports), I felt fairly confident in getting into a trade that is slightly south, and I gave myself a couple of months before it expires. Also, I played it quite safe, because I got into it for a very good price (like cents). So, there’s not much to lose, I have plenty of time, and I have a couple of indicators saying we are due for some red days. I could be wrong, there are NO guarantees, but considering the low risk, I got in.
Have a great weekend everyone. And, be sure to only use this data with your own trading strategy and only risk what you are comfortable—and can afford—to risk.