|This is an EXAMPLE of our Swing Trading Parameters
Swing Trading Parameters
For June 22
(Provided to you in advance of the Trading Session)
But, if mid term up-channel support levels break sizeable
declines could follow.
We are expecting the Markets to decline slightly from
these levels until such time as mid term support levels
are tested again. Mid term support levels should
be very important to the Markets. If mid term
support levels hold, the up-channels will remain in
place and continued Market increases should be expected
from there. However, if mid term support levels
break lower the swing related charts tell us that sizeable
Market declines could follow. Watch 1210 in the
S&P as a support level which, if broken, would signal
that additional and aggressive declines could be forthcoming.
A clear warning exists: If mid term up-channel
support levels break sizeable declines could follow.
Therefore, treat mid term support levels as inflection
|Initial Swing Trading
Parameters for the NASDAQ exist between 2070 - 2100
|If 2070 breaks lower expect 2000
|If 2100 breaks higher
|Otherwise expect 2070 - 2097 to hold
Get Swing Trading Ideas now: IDEAS
We should have closed any open trades made near 2096.
We were likely stopped when the Market tested 2100.
At that same time though, after closing our open short,
we should have established balance around 2100, and
eventually, we should have taken an additional short
position to overweight shorts. We should currently
be holding 2 shorts with a downside target of 2070.
These Parameters are telling us to trade the Market
These Parameters are telling us to short the Market
near 2100 if that level is tested first, with a downside
target of 2070. However, if 2100 breaks higher, these
same Parameters tell us to expect 2190.
Conversely, if 2070 is tested first, these same Parameters
tell us to buy the Market with an upside target of 2100.
However, if 2070 breaks lower, these same Parameters
are telling us to short with an expected target of 2000
Remember to review the rules of trading and remember
to add balance if a Parameter begins to break higher
IMPORTANT: The rules of trading say that a test
of support or resistance Parameters occur in the NASDAQ
when the NASDAQ comes within 3 points of our trading
Parameter (15 points for the DOW and 1.5 points for
the S&P). When, for example, the Market comes within
3 points of a support level, and, according to rule,
we look for a long position, we would refer to the Focus
List at that exact time to find which stocks are best
to trade. In order for our system to work efficiently
for Market-timing purposes, we must look for trading
ideas at the exact time the Market offers us trading
signals as indicated from the Parameters above.