This commentary will focus on the first 60-90 minutes after the Opening Bell.
However, our strategies can and will provide setups the entire trading day.
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Price action re-opened Sunday afternoon after the Thanksgiving Holiday week where price action continued to be in a strong multiple day mini market cycle phase 2 uptrend with bullish momentum and testing the area of the all-time high. With Friday being a short day of trading activity, price action crossed above the prior day’s high during overnight found an upper boundary of resistance.
Pre-market price action rolled over and crossed below the 20MA and started to show some minor weakness heading into the opening bell.
After the opening bell, price action continued the mini market cycle phase 4 from pre-market. We took an ultra-aggressive trade SHORT based on the Opening Bell breakdown and we captured 8.0+ points.
Mini Market Cycles Analysis
Normally we go for at least $400 profit, but today was extremely choppy market conditions.
Why is $400+ the magic number every day?
Because with discipline and focus every day, you compound your profits and start making $2,000+ every week or $100,000 after 50+ weeks. So every day…follow us and start your journey towards making $400+ every day.