How It All Works…Sometimes

Yesterday I tweeted that there was an opportunity to add long /ES (bullish) Deltas on the potential 30-minute bullish reversal. The buy zone was 3971-74 and the stop was 3964.50. That’s 10 points of risk. That’s important because I didn’t know that it was a bullish reversal, only that it had the potential to be … Read more

Price Analysis and Trading Strategy

That was quite the bullish reversal last week! Below is the SPX daily chart. The green, yellow and red lines represent last year’s high, HB (Half-Back or midpoint) and low. For weeks now I’ve been expecting SPX to reach 3662 because that was last year’s low and price had already dropped below the 61.8% retracement … Read more

The Call RS+

On Monday, Paul had a good exchange with a Twitter follower about structures for trading upside moves, particularly in $SPX. Paul mentioned both Broken Wing Condors and the RS+. These structures work to the downside and the upside, but they are particularly effective on those grinding moves to the upside. The RS+ is Paul’s brainchild … Read more