Hubert Senters here.
Let’s take a look at UAL on a daily chart. It almost breech and broke through the bottom of the cloud today.
And it’s got a gap associated with it. So I think UAL is going to go substantially lower. It could fall as low as $40 and maybe even.
It could fall $40 or $30, $35 or $40 so get ready for it. Add it to your watch list tomorrow. And there’s a very simple, easy way you could scan for this type of stuff.
Just scan for a 60 minute chart. Most platforms have this ability to do it. Yours may not but mine does.
When it drops below the cloud on a 60 minute then you know not for a fact it’s not on everyone but three to five days is going to push lower.
So when you look at that like yesterday or the day before or the day before that because it was 3 days going fired off.
You can see today, a day before, a day before. And so that day right there, I’m going to market with a little hash mark.
You had a hourly, sell signal. Now, the only problem with that it’s above the cloud so if you do this what I like to do is below the purple it’s headed to the cloud.
The same thing like if you look at like bonds right now, the 30 year bond above the purple it’s probably headed to the cloud.
So I like to use it that way. It’s counter trend trade and it’s a short duration trade so you’re not going to get married to it but sometimes you can make some pretty good profits that way.
Mark Helweg is going to be speaking over at the Wealth 365 event on Thursday at 11AM. He’s going to be talking about one of I think he’s talking about the tick.
If you’ve never used the NYSE tick you should look into it. It’s one of my favorite market internals and it is my belief if you learn how to properly use this thing it can give you an unfair advantage trading intraday.
I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
