Targeting The Market’s Next Move (Down)

Your (Hard Right) Edge For 2023 [image] The markets “tanked” yesterday and are still struggling at print. “Ouch!” say some. [image] Be Prepared If you’ve read my telegrams and newsletters and even listened to my colleagues, you were not surprised. We’ve said markets were overbought, and the current price action reflects this. Certainly headlines and economic data come into play, but it’s both ironic and profitable when the market plays into a predictable pattern. Make A Plan What I’m talking about is constructing a hard right edge, that is laying a framework for what might happen next at the far right side of the chart. Here’s what I constructed last Tuesday on January 10th: [image] Here’s where we are now (It’s not an accident): [image] What’s Next My mind is open to the reality that price can approach any of the boxed levels in the days ahead before the close of January. If price stays near the Year Open (Month Open), traveling down as far as 3800, the market has a solid chance of closing positively. If price penetrates 3750, 3700, or 3650 areas, then the Bear just woke up again in my opinion. To me it is key to watch all the levels inside this box which I base on Average True Range. This predetermined plan for price action gives me an edge and keeps me from being surprised or caught off guard. Most importantly it helps me make money and preserve capital. I think it can help you too. Trade With A Sound Mind I’m the first to say that markets do not move in straight lines, so be aware. However, the straight trend and support lines give order and direction to trading an unpredictable (and often volatile) future. The market can trade wildly (with enormous volatility) if it wants. If it trades outside the box before the end of the month, it gives me a warning sign of a bigger more important trend. If it does this, I’ll be sure to write about it so you can be informed! Here’s to your success! Think and win, Celeste Lindman Ask The Pros P.S. Get more trading insights and actionable market wisdom by joining my [FREE Prosperity Pub Telegram channel.]( RISK DISCLAIMER There is a very high degree of risk involved in trading. Ask The Pros and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. [Unsubscribe]( DTI Trader 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555