NEWS: On the website today we will have a NEW pivot point calculator in Excell format, in addition to our "online calculator."
This pivot point calculates a "more extended s3/r3 calculation" than the "online calculator" we offer in the password protected areas. Traders are successful these days most by re-calculating the OEX and Dow both midday to see support/resistance lines within the volatility. Please make use of this great new tool.
As expected our buy on the May400C the day prior was smart and this option sold to highs of 15.90 before 2.00 p.m. New traders were also able to enter this trade as low as 12.13, not far a buy "up" from 10.90 close, and also have the capability of selling several times for $2.00 and up per contract profits. And, as the market went right to our 8250 tops put traders took inventory in the May400P for 7.90 area. We're calling these past few weeks to a T, and hope to continue an impeccable win ratio. We closed the day yesterday with top profits to the call, and a first buy to the put. We believe the market hit resistance lines yesterday that would surprise us if bulls can "continue past" without a consolidation.
We are clearly trying to show reference within alerts this week to the historical moves of our Dow projections, and how each day we come right within bounds of the highs and lows, and it's part of how we are trading successfully.
Market downturn we think likely, over time or in an hour (the way this market moves) will hold at 7837 area, pending economic babbles or a pandemic.
Study every section of this alert in detail. It's got much more information in it, and more detail. Floyd is working on new videos showing our trades also.
By day end the market fell and put traders were also able to profit for day traders for some nice swing trade money, and we still hold .
The market drop at 3:45 p.m. showed a hesitancy in the bull armor.
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