Yesterday in our members-only post Monday, 4/4/16: Trade of the Week From Today Up $360 So Far + Video (Members Only), we initiated our trade of the week and went into great detail with a private video walk-through of the execution of that trade and risk profile. By end of the day we reached close to 50% max profit.
By end of today, we reached 80-85% of max profit.
We actually called AND traded that local top at 2071.5. We alerted our subscribers to a high probability bearish trade when the E-mini’s were trading at 2065 — just 6 points below that top. From 2065, the market dropped to below 2040 today.
We were aiming for 18% return on capital on a $4,200 position — a $720 max profit target. But it turns out – already – just the second day into the trade, our position has reached close to 15% of that 18% target.
Yesterday’s S&P500 Hourly Chart
Going into tomorrow, I suspect there could be a a bounce and perhaps another retest of the 2048 region but no guarantees. Most likely further consolidation in the 2040-2048 region.
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