Hubert Senters here.

Let’s take a look at Micron Tech. Stock symbol is MU. Nice little breakdown with the rest of the index futures today. Got a little potential bracket trade here. I’m going to put the lines on the chart here.

The bracket high trade for next week obviously will be $45.94. The bracket short for next week $43.50. Now you have to decide if you’re going take a trade above one of those numbers or a close above one of those numbers.

If you’re long if you’re going to do short a trade below $43.15 or a close. That’s very important because you got to know what you’re doing before you execute these trades. It looks like it could potentially go down to $34 and change.

Right now, I want to caution you about trying to say oh, I think it’s we’ll go there. Let the market and the price action of the bracket traders tell you which way it wants to go. I can be totally wrong and it could close above $46 and rip through $52.

But if I have the preconceived notion that oh, it’s definitely going to $34 you won’t be opened up, open minded enough in order to actually trade the thing properly so keep that in the back your head.

Mark Helweg is going to be doing a special webinar. I believe it is Tuesday according to this. It is Tuesday, October 1st. ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ Click CLAIM MY SPOT NOW to register for the webinar.

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

Hubert.