Looking to make money this week? Watch this weekly forecast to know more about the retracement numbers and high probability opportunities that we have found using www.WettTraderLLC.com Don’t start your trading week without watching this video first!
This is Paul Wett with www.WettTraderLLC.com giving you the weekly forecast for this week which is Friday ending 03/18/2016.
Okay folks, you should see that we’ve been, this market has been moving a lot higher, I still think that we’re gonna go a little higher but like what I’ve said, I don’t have my crystal ball so I have to see what Wett Trader LLC can do for me.
This is a high probability, this might be a double bottom here. I know we slightly passed this low by two points but WettTraderLLC.com automatically puts your highs and lows when you try to calculate your retracements. So there you go, you see this? This is my low, this is my high, 2010, and after that we’re gonna go to the high one here. So if you used those numbers right, so here’s where you will be looking at. 2033.31 is the weekly and the monthly is 2051.13 and this is the daily retracement cell.
So all we do with www.WettTraderLLC.com is, we all have the numbers right here folks, all the numbers right here. So I right click, monthly. We still haven’t hit the monthly PP folks, this is something that’s very worrisome but like I’ve said we can come back and fill, we have a gap here as well. We do hit the PP about 90% of the time and we don’t have to hit it every time. So let’s go to the next number – 2036.50. So 2036.50 and if you look here, resistance at 2033.46, weekly 2030.33, PP at 1994.17, so the 2030.33 is a very logical target for short term for swing trading. Daily, look at this 2023.67, 2035.58, and we still have the PP of 2000.83. So I still think that with www.WettTraderLLC.com we still can make a nice stack of cash.
Like I’ve said, this is the weekly here. This is an A,B,C. The thing that’s really interesting is look at this monthly, that’s why I have this up here folks. Ironically, not only do we have, we have a monthly moving average at the 30 area, so if this holds, now if this is truly a fiver bar low, we want to get a five bar high technically right? We should go in to the next swing pattern. So this is a five bar low, we should take the monthly to a five bar high. We got a five bar low here; one, two, three, four, this is a four bar low. Here’s another five bar low so see we’ve made two lows here and we’re still making higher highs. So this is a very good indication that we have a good support here. Like what I’ve said, with this support here and obviously we have our resistance here, and we will have a resistance here as well. So these are the key areas here and if we look at the retracement numbers, which you don’t need to, I have them www.WettTraderLLC.com does these calculations for you so you don’t need to fill in all of these stuff, it will automatically does it for you.
So what we got to do is to wait for a low risk high probability trade. Even this thing here tried to buy the gap, 2008 and we closed yesterday at 2011.75 we’ve already made it back to 2011.50 so that’s a nice three point right there. Now the software will automatically, now this is a shorter time frame. This is a five minute. I’ve bought it here, I didn’t flatten it, I let the software run. The moving averages are across here, I didn’t set at 13.21, so like here, I’ll be buying instead of selling and as soon as we get a rally here, this thing will probably have a sell. So the other thing that we want to look at is where do we really want to buy here that’s gonna be a low risk today? We’re talking 2000 because that’s the PP of the day.
So we haven’t made yesterday’s new high, we do have a time day here, what’s gonna happen today before the time day, this is a trade day, trade day. There’s your highs and lows, they line up pretty consecutively. Same thing with the weekly. High – low, high – low, high – low, high – low. It can happen one day before the trade day and like I’ve said folks, I still think that we’re gonna go a little bit higher. The thing that you want to watch here is the moving averages here, especially this (40) 2006.84. We’ve got a lot of support like what I’ve said down here. I still think that there’s a high probability that this thing can go double bottom. High probability that it will go over above 2056 in this area here. So continue to watch www.WettTraderLLC.com click the yellow demo button, get a free demo. Learn to start making some trades automatically with www.WettTraderLLC.com thank you.
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