See Rob’s trades, his strategy, and watch him and the team in action Tuesday morning

Okay, welcome back, everybody! As we go ahead and we take a look here – this really follows on from the previous videos that I’ve shot for you recently. There’s been a theme since the videos that I did even before the summit. You’ll recall that I went ahead and was telling you then and then we see what’s happened now the last two weeks from that. We have massive falling resistance on top of us. Significant rising support underneath of us. This term that I give for it is the kill zone and the reason being is I picture it as defensive forces on both sides all lined up here and kind of all lined up over here and every time it goes down here I’m looking for it to pop. Every time it goes up here looking forward to get knocked back the opposite way and we’re waiting for that to be settled. In the meantime, that offers up opportunities on both sides of the fence here and so like for instance here on the daily chart you’ll notice the daily chart smacked right into falling resistance and then held right at today’s support as well. So, both daily and weekly support and multiple weekly and daily resistance levels hitting simultaneously.

Gang, we talked about this in advance over ten days ago, it was more than ten days ago actually because it was before the last Wealth365 Summit and then I kept giving you and the updates here earlier in the week on this so you can see the major impact on this which is really exciting. So, the way I focused on this on an intraday basis is – the markets closed now. It’s now nearly 3:30 Central time 4:30 Eastern Time on Friday afternoon but basically what I just did was focused on this from a longside perspective because a lot of the damage was done in the morning on the short side where I wasn’t able to be as readily accessible but that’s the beauty of being a trader, you could pick up kind of where you left off at any point in the day and go from there and what was happening was we were coming down to key supports and at that point, we started going and firing off some of the trades that I’ve taught you guys here with the throttling. Wave ones and waves two, so, you can see we kind of had that first wave kicking in here then we had a second wave until it’s smacked into falling resistance. Then it fired off again here with a full-blown wave one throttling which then led to another wave two giving some great long side opportunities here into the session. I had one small short in there to be quite honest as well but it’s really small and I can’t remember where I did it now but that’s okay! The primaries were focusing on the long side there. So, the bottom line is because of the daily wrong one because of the daily supports and the weekly supports with those defensive forces lined up in that area looking for by opportunities made more sense because a lot of the damage had already been done on the sell-side in today in particular here. Then throughout the week as well.
As you know, I was not a raging fan for buy-side breakouts at this point or sell-side breakdowns. I said we have to get through these levels before we can go. So, in the levels, I gave you previously if you recall on the SPY who was 270 to the downside and 300 to the upside are the two major levels we’re looking at. Everything in between there is basically just noise, okay? This leads to more short term trading opportunities very short term options or very short term intraday trades for that matter if you want to go home sleeping like a baby at night like I like to. So, with that being said, specific options and very specific cases make sense but if you have the methodology where you like to follow the market have the rising tide or falling tide lifts all ships or sink them all then you’re not in that point. You’re gonna get very specific trading opportunities right now but the good news is we’ll be able to talk about all this and look at all this together next Tuesday. We have a live event there. We told you during the week of the summit that we were going to go ahead and do this very special live event and we’re gonna do that on this coming Tuesday here for you so it’s officially at 8:45 Eastern is when it’s officially supposed to start there we start a little bit later, we’ll see but we’re talking about inviting you through the whole process for all of you that have WealthCharts then you can come into our main room with us instead of just watching it through WealthCharts that day, although that’s normally a great way to catch us each morning there for the first 45 minutes and then go through that morning and do some training, some trading and really try to answer all of your questions for you. So, that’s gonna be next Tuesday morning. This is the event that we promised you through the Wealth365 event. We want to deliver on that and so next Tuesday morning, May 5th. So, register at Ziad’s gonna be there, I’m gonna be there, Laurie’s gonna go ahead and be there.

So, you’re gonna have stocks, futures, ETFs, options, the whole nine yards that we’re gonna be all look at, focus on to educate, look to trade, etc. So, it’s gonna be a great event there and this is just as a reminder that fulfillment of the promise that we made to you during the show. So, with that being said these are the key things that we’re still continuing to watch. Factor this into your trading as I have here. That’s what I’m doing here and really looking for the big 270 and 300 levels as the major levels to get far more aggressive on things. In the meantime, just enjoying the short term opportunities that the market presents each day as we can. So, with that being, said you guys have a great rest of your weekend and Ziad and I will look forward to seeing you at this very, very special event, alright? Have a wonderful night, gang! We’ll see you Tuesday morning. Take care, everyone! bye bye

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Rob and Ziad review more live trades from today and share tomorrow’s focus