S&P 500 closed at its highest level this year. If you have watched my forecast and midweek update earlier this week, I have mentioned that we may hit 2030 this week. The market closed at 2,022.19. (That was pretty CLOSE!!)
This is Paul Wett with www.WettTraderLLC.com
Folks, are you kidding me? are you loving the action this week?
My forecast for the week is obviously much higher as we did. We did have a brief sell-off here. This was contract expiration on the futures contract. Did get me nervous but you know, the software does what it was supposed to do folks and it goes with the flow, goes with the trend.
You can choose, let me show you what we got here. Now I did my update Version 1.481 just to make it a little bit more efficient for you folks.
My goal with this software with www.WettTraderLLC.com is to get you a wheelbarrow full of $100 bills. (Yes, that’s right folks, you heard me correct). I want to help you get a wheelbarrow of $100 bills.
So what do you do when the market goes sideways like this? Well, you go sideways or do you wait until the market pulls back and comes here and gets you this nice one? Okay. Well, the software do this! You know the definition of the trend – higher highs, higher lows. Look at this, you buy the low (boom) sell, exit (buy) near the low. Buy, sell, sell, sell one bar from the high. Five bar high, sell the low (we’re making lower lows at that time). Buy the low right after the low, sell before the high. Buy the low one bar before the low. Who does that? buy the low? okay, buy the high but this is where we’re going higher. Buy the low, okay you see that folks? this is what we’re trying to do here.
This is a five minute bar chart and a lot of you guys, I know some people have jobs and trade part time. The longer term charts although this 60 min chart (we did get long way back here on the 60 min) is actually a beautiful trade. There’s a couple of this week that went up to there but like what I’ve said, I have to reset it. Let me see what we have here, here’s a couple of nice ones. Look at that folks, that’s beautiful!
Buy the pull back, got support, higher high, higher high. It moves the stop up here, we probably got out here, but we bought one bar before at significant higher low. We bought one bar before significant higher low. We bought one bar before significant higher low. We bought two bars before significant higher low. See as you get further out in time, like what we have to do is check the numbers, buy the low one bar, buy the low – two bars, exit the high so far, buy – one bar before the low.
Other than that there are four trades but there’s one, buy this low, buy this low, buy this low, buy, buy, buy, buy. Folks, that’s what I was telling you at the beginning of the week, the weekly forecast. I still think that this market is gonna go much higher but I need you to stay tuned, hit the demo, get a trial. www.WettTraderLLC.com
This chart is gonna go much higher, you can see we rolled over this week. This is the daily, right here, 2019. This is the monthly right here, I’m telling you folks, www.WettTraderLLC.com try the demo, let’s make some money, I’ll help you FILL your wheelbarrow full of $100 bills.
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