Daily S&P Chart

Hi Everybody,

If you all remember a week ago (July 6 post) I “projected in advance” the Typical Wave C WPT support zone where we should look for a potential support zone in the S&P. Well that is exactly what has happened.

If you look at the chart you can see that we have now made a TS4 low at the combination of the Typical Wave C WPT and the DP from the prior wave 4 low..........

This shows the power of MTPredictor and how you can be “prepared in advance”, I projected this level over a week ago !!

Thanks

Steve

3min NQ – TS3 buy

The standard traders among you had a little longer to wait until a nice TS3 buy setups unfolded later in the day.

As the STF was weak, you should have used the WPT targets. +3.4R Profit was available as the NQ hit the first projected target.

Please note that as the larger degree trend was up yesterday, you should have only been focusing on Buys, and not trying to “top pick”......

Thanks

Steve

3min NQ – Gap open Play

Hi Everybody,

No sooner than I have talked about the DP on the NQ in yesterday’s post than the US markets opened and gave us a perfect “Gap Open” Play again on the 3mion NQ !

As you can see from the chart the NQ declined form one DP to another for a potential +4.4R Profit (ignoring slippage and commission). This DP actually nailed the very low of the day for us as well ! Please remember the Gap Open play is an Advanced technique as it requires some manual use of the DP’s

But this was a nice start to the day yesterday..........

Thanks

Steve