Are you ready for a big bullish breakout in the equity market? While all the evidence points to the short-side of the market against resistance, our first goal is to "think risk first" and we're doing that in tonight's video. What is your plan to adapt, hedge, cover, or profit from a breakout here? Corey shares his thoughts with you and how you can protect yourself first but also profit from the potential of a bullish shattering of resistance right here...
Worst Case Scenario Protection on Break Above this Key Level
3 Comments
JOHN TARTER
August 21, 2019do you also provide a transcript if we don't have time to listen to a video?
TheoTrade Support
August 22, 2019No we don't have transcripts
Kevin Morgan
August 21, 2019High quality update Corey, thank you. Though I found it amusing that by the end, you almost seemed to be suggesting that the alternate thesis is the one you really expect.
You suggest taking shorts at these levels anticipating a move back down. I don't care for that tactic; I don't want to be part of the herd stampeding to exit if price breaks upward. I will wait for some confirmation in the form of lower time frame pivots being taken out by downward price motion. And vice versa to the upside; I'll jump on board early on a gap and go. "Let the market inform us" and get a large bite out of the middle with less overall risk. My $0.02, happy trading whatever unfolds here! My highest probability Elliott wave model says "up" but ya'll don't talk Elliott wave so...we'll see, exciting high volatility times, gotta love it!