Knowing Where To Look, Part II
I know that I am starting to sound like a broken record, but when volatility
reverts to its mean, if you know what to look for you can take advantage of it.
10:07:16
Index Alert
The S&P 500 (SPX.X)
is beginning to form the third point of a Haggerty 1-2-3 bottom near the 2.0
volatility band at 947. SPX.X is currently down 36.24 at 948.30.
Futures traders who jumped on the pattern profited handsomely.
The 2.0 band has a 95% chance of price being at least contained within the band.
This is the second day in the last three we caught the reversal on TradersWire
before the move, allowing members to profit. This is one of the
ways we make money on emotional down and upward openings. Learn to make
volatility your friend.
Have a great weekend!
Duke