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Options Trading Wealthpop News

Bulls And Bears Battle For Market Dominance


This week is primed to be a big week in the market. Prior to today’s open, the market has sold off from where closed out last Thursday and could possibly be headed lower. If the market can’t build a base here, then the rally we have been talking about the past couple weeks could be coming to a close.

Right now, I am look at 4100 on the S&P 500 to be a major line of defense before we come crashing back down to 4000. If these levels are broken to the downside, look out below.

However, this move lower could very well be a part of the pullback we have been mentioning that could ultimately lead to a move higher. If we build a base here and hold that 4100 mark, it would be inconceivable to imagine 4200 coming in soon.

Mark these levels on your charts and be mindful of where are at on the higher time frames so you do not lose perspective of where we are BEFORE putting on your next trade.

Stay tuned for more!

If you want to see all the latest trades my students and I put on for my Smart Trades options trading service, you’ll have to join today! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today!

I look forward to trading with you, but until then, as always…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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