TRADING TIPS

LLY Short Trade Set With Targets

September 9, 2021

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Hubert Senters here.

Let’s take a look at LLY, Eli Lily. Obviously the pharmaceuticals and drug companies sold off a little bit today.

So it looks we’re getting another part of the selloff that is beginning to shape up in our favor.

In this situation here in LLY I wouldn’t short it here yet. Now, if you’re aggressive you could do it.

You could probably pull it off and use a stop around. You might be able to use $253. That’s a wide stop though.

I’m going to wait until it drops below the cloud and be a good little discipline trader even though I don’t want to.

And I’m going to target the area of $199 to $180 so I’m waiting for it to drop and this is the potential I’m looking to get right here.

I’m trying to get this potential from here to about there. That’s the trade I’m looking for.

And I could short it right there but it could also believe it or not ramp back up so I’m looking for a bounce to get short on because i believe it’s going to go through the cloud.

I’ll look at the 60-minute. We’ve got four so it’s definitely hourly sell signal so what I want to see it do is I want to see it rotate back up above the 10-minute on the cloud.

And then go back down or do the same thing on the hourly in order to ramp back up towards the hourly resistance so I can short it at a bounce as opposed to right down dead at the bottom of that deep selloff here towards.

I’m going to be doing one last The Mother Of All Bubbles webinar this week. I do not have one scheduled.

Next week we’ve got Steven Brooks coming in. He’s doing his live event so I’ll be helping, assisting on that thing so this would be the last webinar.

I do not have any plans to do thing next week because I’m working on projects that require me to be away from the PC a little bit.

So I’m doing one tomorrow Friday, September 10th on The Mother Of All Bubbles. I believe that we are going to correct anywhere from 14 to 40 percent within the next 6 months.

And I’m going to show you exactly how I’m planning to take advantage of that. If you want to attend that webinar first name, email address, mobile telephone number.

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

Hubert.

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