Hubert Senters here.
Let’s take a look at the markets in particular let’s look at American Express, AXP. It’s had a two day buy signal.
The ADX is a little low. But I think we can get away with it. You got one day above the cloud. Two days above the cloud. And you’re above both the turning and the standard line which implies this bad boy wants to go higher.
How much higher? Well, you can never tell for sure but you can get a good idea by using a Fibonacci projection on a low, a high and then a higher low which will then give us a potential target of $156, $162 and then $166.
Now, clearly Tesla had earnings today, TSLA and right now it’s down $5.64 straight in about $723. Let’s do a 5 minute chart so you can see that it sold off.
It will probably have a potential bracket trade on that thing after we let it trade tomorrow.
Mark Helweg is going to be having a special webinar on April 27th which is Tuesday this week at 8PM. The Explosive Traffic Pattern for Trading Options. I’m going to HYPERLINK you to this registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
