Chaos Clinic Recap
Here are Al's comments
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Is This Short S&P ETF About To Rally?
Chaos Clinic For 2/22/2019
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With the down turn in the S&P on February 21st, 2019. on the exact date forecast
by my ZD36 energy field forecast, one wonders. "Is this turn is for real?"
"How can I capitalize on it if it is real?"
While trading S&P futures is one way to capitalize on this turn, the high leverage
and fast moves make it more risky than many individual traders can afford.
An alternative is to use an inverse Exchange Traded Fund, such as the Proshares SH
Short S&P 500 fund.
This 8 hour six month SH chart has an interesting pattern right now, as shown here.
During the Fall 2018 decline in the S&P, SH rallied sharply, until the Christmas top.
Since then,it has declined, forming a very clear converging triangle.
Buying breakouts of descending converging triangles is one of the best technical setups.
SH may be breaking out from that triangle now. If this is a valid breakout, a trader
may wish to try a long position. What makes this attractive is how little risk
is involved. SH has very clear support at $28.20. A safe stop on a long position
could be placed at $28.10. Assuming a rally to a price of 30, and a buy at $28.40
a loss limit of $.40/share could be established, for a potential gain of $1.60/share.
This is a quiet reasonable risk/reward ratio of 4:1. Of course,
traders should wait for a confirmation of a breakout before going long.
What I like about ETF's is that beginners can use just a few contracts while learning
to trade. Also. ETF's can be traded over days, weeks, and months, avoiding the frantic
pressures of trying to complete with the Flash Boy's computers.
As always, I make no recommendation as to what your do. I'm simply pointing out a
possible opportunity. If you want to learn more about trading, check out my courses at
Moneytide.com/Institute
Besides the comments made by Al, the chat room has live
comments from other traders who sometimes share their views,
trades and tips. Below are the chat room comments from this clinic
2/22/2019 12:52:55 PM MT Al****:: I'm done-thanks for coming-see you next week-take some course
2/22/2019 12:49:31 PM MT Al****:: looks like the big boys saw a lower high; will be watchin next week for a confirmation of th 2/21 high
2/22/2019 10:48:03 AM MT kwc:: Markus Rose of rosecast.com
2/22/2019 10:36:34 AM MT Al****:: CCTs: I've placed a Teamviewer meeting ID in the CCTRoom chat
2/22/2019 10:31:50 AM MT Al****:: on 24 hour chart today has a lower high than yesterday
2/22/2019 10:19:56 AM MT Wanderer:: kwc, who's your financial astrologer?
2/22/2019 10:11:45 AM MT Al****:: many times on Fridays the energy is in the first trade, then the market gets dull
2/22/2019 10:10:01 AM MT Al****:: I got 4.5 on first trade, will probably skip second one
2/22/2019 9:46:33 AM MT Al****:: R1 is also the yellow vibration level on the Secret->esNat360 chart
2/22/2019 9:44:30 AM MT Al****:: computers bought the pivot, sold R1
2/22/2019 9:06:10 AM MT RR:: Dr. Al, very helpful, Thanks
2/22/2019 9:01:09 AM MT Al****:: RR, the answere is the direction of the 110 EXMA, up, so long
2/22/2019 8:59:37 AM MT Al****:: RR, long
2/22/2019 8:56:10 AM MT gg:: "To the moon Alice, to the moon!" (Old Jackie Gleason)
2/22/2019 8:46:11 AM MT kwc:: My financial astrologer said that if the 20th is not the high, perhaps the 27th will be..
2/22/2019 8:35:43 AM MT rvb****:: Thanks Al for information on ETF in the Aux room.
2/22/2019 8:15:37 AM MT RR:: Dr. Al, what is the signal @10:12, long or short?
2/22/2019 8:15:24 AM MT Al****:: GON, thanks
Wanderer, still forward testing this algo
2/22/2019 7:58:33 AM MT Wanderer:: Any updates on your autotrade program, Dr. Al?
2/22/2019 7:56:17 AM MT gon:: Nic chart Dr. Al, thanks a lot. Article published as usual https://www.fxstreet.com/analysis/is-this-short-sp-etf-about-to-rally-201902221454
2/22/2019 7:43:50 AM MT larryc:: Thanks! Looks like everything is hanging on a thread =)
2/22/2019 7:29:44 AM MT Al****:: AUX chart fixed
2/22/2019 7:26:11 AM MT RR:: GM All
2/22/2019 7:25:05 AM MT larryc:: Cannot see chart in aux
2/22/2019 5:47:28 AM MT Al****:: I have placed a Face of God chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
eMylar Fractal of Pi overlays help you be patient, since they show you future potential moves.
The best bargain in my courses is to take the Cash In On Chaos and Fractal of Pi courses and
learn to use the FOP overlay. Then take Chaos Trading Made Easy, and finish with Face Of God.
2/22/2019 5:20:28 AM MT Al****:: GM all-good luck today; Chaos Clinic is on the AUX page.
9:00 Eastern-System: No comments
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