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Options Trading Wealthpop News

It’s The Running Of The Bulls


The market had quite the week last week, looking awfully bullish in the face of what was almost an economic collapse, on top of a looming recession. This has been sign enough for investors and traders to jump on the bull train into this week as well.

A close over 4100 for the market signals we should be headed higher. As you recall, we often refer to these levels as rungs on a ladder, allowing the market to climb higher, while hitting resistance and pulling back a little bit along the way. After the solid run up we have had over the past week, it isn’t too much to expect some kind of pullback along the way.

Often when a market runs like this, there is some profit taking that happens or a resistance levels needs to be tested a few times before being broken, so be on the look out for that happening. Any pullback would give those who are planning to go long a much better entry, with a risk vs. reward that is worth taking that trade.

Since many of the previous resistance lines, they can now be looked at as support in the future, should prices fall back down to that level.

Don’t miss my video below for more break down of the market and the week ahead!

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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