Hubert Senters here.
Let’s take a look at Boeing. Boeing is going to get smoked lower because the news coming last night good for them. You’ve got a little support down here at $192. I bet you it does not hold and address lower and closes down by $167 or could go all the way down to about $159.
So if you’re in Boeing please for the love of goodness use a stop loss. I’m going to switch charts on you. This is a power shift chart. It tells me when the power shifts from the buyers to the sellers. It also tells me when a good time to put a short or a long on is.
What we’re looking at here at the bottom. First, the top one is just Parabolic SAR and it will tell me long here exit there. So on Friday I’ve been telling my members for couple of weeks like heads up, we’re about to drop and we’re probably going to drop substantially.
I think we’re going to go to one of two different levels. I’ll show you those levels here in just a second. See that little purple or pink dot depending on how color accurate you are. Friday was a sell signal. But now look at here over the past.
The buyers even been in control since June 11th. That’s the last time that the buyers really out paste the sellers. Now, it did have a little bit elevated price action but overall you can see when the red is on top down here with the Instagram it tells me that there’s more selling action than there is buying action in and out starting to roll over and really get smoked.
So now I want to change charts on you one more time. I’m going to change this to the Dow at YM and I’m going to change it to a daily chart so you can see what we’re talking about.
And then I’m going to go back to a monthly chart because the monthly is going to be easier to deal with. Now, you probably don’t trade monthly charts but this is good for the accuracy of going back so if we go from the covid sell off from that low here to the current high there.
And then we’re probably going to retrace to $26,254 to $24,203 so this area. We might not do that. It might not do that. Maybe it’s just going to retrace a little bit so that’s going to be our other area we’re looking at. There’s another area that you can look at.
It’s right here, point one to point two. In the cards that will be relatively easy to pull off is $32,096 or $31.440.
So we’re probably going to go here first. Like I said I’ve been warning my subscribers in HSIC for about two weeks heads up, this is probably where we’re going to go. The mother of all bubbles is going to pump. There’s too much money in the system. Inflation is going to rise and stuff.
You know in the last two or three months that’s just been harder to trade stocks. You have to be a really good stock picker. You can’t just take a dart blindfold yourself throw it at a wall and go I’ll get that thing and it will go higher and I’ll make massive amount of money. That’s not the stage of the market we’re in anymore so prepare yourself.
Mark Helweg is going to be having a special webinar Wednesday, July 21st at 7PM EST on The Invisible High Dollar Pattern. I’m going to HYPERLINK you on the registration page. If you click REGISTER MY SPOT NOW that will register you for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
