The broader markets had a green day today but did it really mean anything within the bigger picture correction?

Well, it was better than another negative day for the bulls, but today's range only traded inside Monday's high and low or an inside day.

So, it was a neutral day within the current downtrend of lower high days. However, prices are getting closet to the Major Support (MS) below.

 

Is it close enough? Well, enough isn't good enough for us. We must see a clear powerful “event” type of pattern.

When it happens we will shout it to you.

Let's review in the video

 

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In different letters, we talk about our Advanced Money Management Strategies course. 

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Master Trader and You Building Your Financial Future Together!

Happy trading!  If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com

 

All the best,

 

Greg Capra
Managing Director of Master Trader
Trading the Pristine Method — Origin and End

 

Dan Gibby
Chief Options Strategist