Technical Trader

Weekly stock market update featuring Lee Adler’s proprietary cycle analysis, price and time projections and SPY put and call trading recommendations.  Click here to subscribe. Now published at Lee Adler’s Liquidity Trader.

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Trade The Range – Here’s How

The market held at support and immediately rebounded to the top of the trading range and a bit more last week. But trend resistance lines around 3350 were not violated. A failure to penetrate that area would leave the market vulnerable to a decline back to the bottom of the range around 3215.

I have suggested a trade that would profit hugely from that scenario, if it plays out, of course.