OK, so it may or may not be this week after the FOMC announcement. But this report gives you a couple of cycle projection targets and a couple of keys to watch to signal whether the trend will continue or reverse.
We’re still long our suggested SPY call trade that triggered last Monday. I have raised trailing stops on that to protect the profit.
I also am suggesting a put trade for later this week if certain conditions are met. This report spells out the conditions that would trigger that trade.
Technical Trader subscriber, click here to download the report.
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