Tuesday, January 7, 2020

A top?

Hello everybody,
Today, it looks like we can finally hit our target of 3266 and take a position (short). The S&P500 futures are higher in the night trading hours, and yesterday we saw a spectacular reversal of the early fall, so there is every indication. I recommend that anyone following our recommendations should place a limit sell order at 3266,00 at the start of trading today. Let's hope that there will be no surprises from world leaders.
What we see now, take or leave the geopolitical complications, is the hightening volatility near the top of the price range. The top is always characterised, and a correction preceded by high volatility at the top. A correction is overdue, but this period of volatility is not yet over.
Speaking of the night trading hours: European traders and exchange workers are pushing for shorter trading hours, arguing that long hours of watching computer screens and taking (sometimes) hard decisions is bad for their mental health. That's exactly our point in promoting ELP Program: with it, you need only to allocate half an hour a day or less to do all the trading you need. Work smarter, not longer! ELP Program gives you time-tested and proven signals to enter the market when probability is best for the chosen direction. Subscribe HERE for a free 2-month trial period and judge for yourself.
Good luck,
ELP team

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