Hubert Senters here.

Let’s take a look at Intuit. Obviously, we had a good little bounce across all of the indexes and Intuit has been hanging up here very nicely and doing a nice little slingshot trade today.

So slingshot is when you retrace below the yellow and the purple. You don’t have. The rules it depends on how you interpret that.

So it definitely goes below the yellow. It either has to get near, touch or go below the purple line and then close back above.

So yesterday was a slingshot trade for Intuit. So now, you got to figure out what the target is on this bad boy going to the high side so it depends on how you’re playing it.

But for a target it’s pretty simple. We’re going to go like this right here. We’re going to go one, two, three. Next target will be $588 to $595.

I’ve been asked to speak at the Wealth 365 online event. I’m going to teach you how to scan the markets in little less than 10 minutes with 3 clicks of your mouse in order to find better trade setups.

I’m going to HYPERLINK you to the registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.