Don’t start your trading week without watching this Forecast first!
Have you ever wanted to trade with the pros? Hey my name is Paul Wett with WettTraderLLC.com.
I’m gonna show you how you can make some money trading the S&P 500 E-minis with my automated algorithm.
This is the forecast for March 04, 2016. This is where I tell you folks what I think is going on in the market. You know there’s a lot of people out there saying sell, sell, sell. These things are coming down for a long time but folks, let me show you a few things I’ve seen for a long time.
I’ve been trading for quite some time and I definitely know that this is between two points. One, two, three boxes folks. One, two, three boxes folks. That’s where I think the market is gonna go.
Now this is a daily chart. This is a double bottom, it looks like we’re off by about 5 points. This is clear resistance here. We came up, we broke out, we came through here. Now let’s break it down into a further time frame.
Here’s the weekly chart. Same thing, same thing. We look like we’re closer to the bottom. One, two, three, four, five. One, this could be a one, if you know anything about eliot wave. Two, one, two, three, four, five. That’ll be a three, this should be a four or an a,b,c four and we’ll go to a five but to be honest, I don’t have my crystall ball today folks and I never profess to have one, but you know what I have? I have www.WettTraderLLC.com
Now what happens here folks, you break it down to a smaller time frames. In my opinion, this looks really close to a head and shoulder bottom. We’ve got a left shoulder here, got a head here, got a right shoulder here. I know we hit that 36. The resistance quite often there, same thing. Take this low here at 1886.75 take this high here at 1938.50 thats about 53 points from here so that’s still thinking maybe we hit that 88 area.
So like what I said, I don’t have my crystal ball. What I like to do, I use Wett Trader. I’ve developed it so I front run it. These are the buy numbers used in the fibonacci retracements. This is one that we hit 1804.56, this is our cells as well. We had this cell right here. Actually I turned this in to black when this is the one that is red, red, red. This was our high that we just had. We had 1968.75 folks, see what I’m saying but Wett Trader does these calculations for you.
To make sure that your probability of a successful trade, we have four criterias : moving averages, pivot numbers, a time formula, and the retracement number using the current trend. When all four of these items line up my friends that’s when you buy, buy, buy, and sell, sell, sell.
So if you want to see what’s gonna happen this week, stay tuned. www.WettTraderLLC.com If you want to really learn how to make some money click the yellow button at the top. Get a FREE demo, www.WettTraderLLC.com
Thanks for watching!
If you have any questions, call us at 1-866-866-2474 please leave them in the comments section below
Look forward for the Midweek Update for the updates about the possible opportunities about these markets.
Enjoyed this video? Subscribe now to our YouTube Channel, or like us on Facebook to get notified of all new videos.
Have a great week and happy trading!
Speak Your Mind