Hubert Senters here.
Let’s take a look at the SPY. SPY’s bouncing. We had a buy signal yesterday. And actually the day before too. So we’re probably headed to $278. And then up there it will make a decision where it’s going to go to the bottom of the cloud or rollback over and go through to $220.
Let me show you what that buy signal looks like. I’m going to zoom on two different things. Right now, I’m looking at the 60. 60 didn’t really have buy signals on. But the 5 minute is firing off all kinds of buy signals over the past couple days. If you’re an intra-day trader you could probably take advantage to that stuff here.
You can see some green a little bit of red there. And then green mainly all of today’s action so overall not bad probably going to continue a little bit of the bounce . I don’t think we’re out of the woods yet. I think we’re just going to bounce up to probably that standard line and then rollback over.
But it’s worth a trade if you got the risky blood for it. Mark Helweg is going to be doing a special webinar tonight on the secret indicator that predicted the selloff. It’s happening tonight at 8PM EST. I will HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
