I'm calling a bottom for this correction here, the market held support from Q2 earnings season, it is still trending up in the long term, even if in the short term we had a correction due to selling due to overreacting and misreading Fed minutes, into an illiquid market. I liked @timwest's analogy today: 'If you sell into an illiquid market, it's like diving into...
$MIC offers an ideal risk/reward here, to go long here, risking 3 average ranges down, to aim for the earnings resistance level above, or maybe even a larger rally as per the cyan weekly arrow.
Check out @timwest's Key Hidden Levels chatroom for more ideas like this one.
Good luck,
Ivan Labrie.
Buy here, risk 1-3 Average True Ranges down, to ride it back up to the recent top or into resistance. Watch the 'key earnings levels' for a support/resistance map in price. You can get this indicator in @timwest's indicator pack. Really useful to navigate through the chop.
With oil so extended, airlines oversold into support, we have a nice low risk setup. I'm...
AMD seems to be offering a chance to rejoin the strong rally here, we can take a position if not already in.
We bought today at 5.85, at the Key Hidden Levels chatroom.
Good luck!
Ivan Labrie.
In this chart I describe the trading signals generated by Tim West's techniques, in particular the methods revolving around the RgMov and Key Earnings Support indicators. You can see signals that failed are very few, and the trade setups obtained in one year have been really precise if executed correctly.
If you're interested in learning the specifics of this...
