IntrepidTrader marked the most recent
market tops and bottoms in the major indexes. Here is an
example of the QQQQ 60 minute chart. In our April 10th
newsletter we stated :
On
the 60 minute chart we can see that the market has
rallied to a Fibonacci target and maybe
completing a fifth wave. We also see that the
price oscillator below confirms this
with its divergence from the price chart that it
corresponds to. This is significant
because it tells us that the momentum that drove up
prices initially is beginning to wane.
This is one of the first things that happens before a
market turns around.”
Here is the chart from April 10th:
The red box on the right of the chart
was created by IntrepidTrader. It marks the projected
end of this move up and was created well before the
market reached these levels. Once this price area was
reached, the markets sold off to create next bearish
move down.
The chart from the June 26th newsletter
shows how IntrepidTrader marks the end of the current
decline with a yellow box. Following the characteristics
that we look for in a tradable market, we mark a blue
line where the markets should trade through to confirm
the bear move is over.
Here is the QQQQ 120minute chart from
the June 26th news letter:
On July 3rd, we show where the market
traded to exceed this level and confirm the end of the
five wave decline. Here is the chart from the July 3rd
newsletter:
It's important to be prepared for moves
like this, is it not? Our clients were prepared for
these moves weeks in advance. And, as you realize the
trading edge gained by using IntrepidTrader, it probably
causes you to see how you could use it to become a
successful trader. Think of how confident you'll feel
when you use IntrepidTrader to find opportunities like
these for yourself. Click the link below to find out how
to get your copy and get started today!
