Updated: Mar 13
Month’s Theme: A notable reversal that will stand out on a multi-day chart. That’s crossed with a notable move to the upside out of oversold territory.
Behavior Around the High: A move into the high to reach for distant resistance.
Behavior Around the Low: Not specified.
Exclusive Trade Opportunities for Subscribers:
An opportunity to open a short position on the 1st or 2nd in the midst of a rally higher to a highest high. I’m advised to close that position in the midst of a decline on the 2nd.
An opportunity to open a long position on 2nd and close it on the 3rd.
An opportunity to open a short position on the 9th and close it at the end of the day on the 30th.
A day trade opportunity to open a short position on the 13th and close it the same day.
A trade opportunity at a key support level that we’re rotating along on the 24th and close that position on the 29th.
Another trade opportunity to open a long position on the 27th and close it on the 29th.
Week One (3/1-3/3)
On March 1st, there’s an opportunity to open a short position. On the 2nd, there’s a prominent trough or low that forms in the midst of the halting of a rally marked by a decline through key support. On the 3rd, there’s a merger or a decision between two leaders highlighted. There may be a pop and drop. We’ll also move into another prominent high or crest for the day.
Week Two (3/6-3/10)
On the 6th, we’ll fail to break through a resistance level that we’ve bumped up against multiple times. On the 7th, we’ll decline pretty notably on a one-month chart through support. On the 8th, there may be something to do with congress. On the 9th, we’ll open lower. There’s a rally along a diagonal trend line breaking through horizontal resistance and meeting secondary resistance before pulling back to somewhere between those two price levels. There’s a notable trade opportunity on the 10th.
Week Three (3/13-3/17)
On the 13th, there’s a decline through multiple support levels. There’s a prominent crest on the 13th and the 14th. On the 14th, there’s a period of sideways rotation along a key support level that increases with volatility as we move forward into the day. There’s a speaker of some sort toward the end of the day or after hours on the 14th. On the 15th, there’s a failed attempt to break through key resistance. That’s followed by a decline through key support. On the 16th, we’ll establish support and there’s a notable move higher standing out on a one-month chart. On the 17th, there’s an intentional fake out or shake out of some kind.
Week Four (3/20-3/24)
On the 20th, we’ll establish a sound foundation at support. There’s an unexpected move to the upside on the 21st. On the 22nd, we’ll establish support and that’s followed by another significant move higher on a one-month chart. On the 23rd, there’s a period of volatility that ends with a fast, sudden move higher, possibly creating a crest toward the end of the day. On the 24th, we’ll attempt to reestablish support. There’s a high probability of a lowest low on the 24th.
Week Five (3/27-3/31)
On the 27th, there’s a period of sideways rotation that increases with bearish momentum as we move forward into the day. On the 28th, there’s a notable move higher and we’ll possibly break through resistance. There’s a prominent crest or peak on the 28th or the 29th. There’s a fast, sudden move higher and a significant reversal on the 29th. There’s a big move to the upside and an important resistance level highlighted on the 30th. On the 31st, we’ll sell off of a crest that’s in near overbought territory and we may have another lowest low.
In April, there’s a significant move to the upside early in the month, however I’m advised not to chase that rally.