Did you fall for the bull trap this morning🐂

I warned you yesterday                                                                                                                                                                                                                                                                                                                                                                                                                 August 24, 2023 | [Read Online]( Happy Thursday! I didn’t think NVDA could do it. This company had run up so far so quickly, I didn’t think the market would respond with that much buying. Another huge jump on a mega cap that is already up 300% on the year? That’s why I wrote you this last night after NVDA crushed their earnings. I knew it wasn’t going to last… I know, I know… they beat expectations on all fronts. And the forward guidance was stellar. When I saw this pre-market I also knew we’d be in for a red day. NVDA has literally been holding up the market, so the profit-taking sell-off was bound to drive down QQQ and SPY. Today, we had all the ingredients needed for a classic “gap and fade”, just like I pointed out last night. The question on everyone’s minds is what now? Just how far down will this post-earnings selling take us? And what about Powell speaking at Jackson Hole on Friday? I’m cautiously optimistic, but we aren’t out of the woods yet. The few Fed speeches today didn’t help the market at all, but I think J-Pow will actually help things out tomorrow. He really needs to talk the bond market off of the ledge. If that keeps dropping, then we can kiss our lovely little economy good bye. Business will crater and things will come to a standstill. He needs to reassure the market that inflation is under control, and it’s ok… you can buy bonds again. If he doesn’t do that, well then… look out below! Now, let’s get to our end-of-week trade review. Here’s how my [Bullseye Trades]( worked out that I laid out for my members on Monday this week (before the market opened). 🗺️ Here Was the Plan On Monday morning, I was almost certain we’d finally see a bounce on QQQ. I spotted what I call a “cupcake” trade, using my custom indicators. I knew that a “Gamma Trigger” event was happening, and the market was very likely to bounce. But, honestly, though, I had no idea just how far we’d move! Here’s the analysis I sent out to [Bullseye Trades]( subscribers before the market opened Monday. Well, the QQQ’s crushed both of those profit targets I predicted (it hit $372 today!) Bullseye members were armed and ready going into this week, as they had the EXACT option I wanted and my precise gameplan for trading it. Also, notice that all [Bullseye Trades]( plans now include a bonus debit spread trade. (Just a little something new I decided to add for members). So how did this trade go? 🕵️ Here’s What Happened I was filled at the price I wanted on Friday (actually I got this just a tad lower than my “ideal” price), and sent out an app alert to Bullseye Trades subscribers. I always make sure to let everyone know when this happens. (There have been a couple of trades recently, like ERX that simply took off without me) As I expected, we got a MASSIVE bounce, and I was sitting on substantial profits by early next morning. I wanted to lock those in as soon as possible, so sent an alert out before the bell to let subscribers know I was about to take profits. And 💥BOOM💥, just like that, a near 70% winner overnight! I was able to add $2540 to the [Bullseye Trades]( account. The options managed to make a move over 140% higher on the week, so I left money on the table, but I am never upset about putting profits in my pocket! *results not typical. Trading is hard. Remember when I wasn’t worried about last week’s small loss on META? I knew the bounce was coming, I was just a bit too early.🤷 This win more than made up for that tiny papercut I took. Folks, that’s why you don’t get emotional about trades. 🚨 Critical Lessons How did I call this bounce? I used one of my top indicators, Keltner Channels. These aren’t something new - Charles Keltner developed them back in the 1960s - but they still work very well. Look at my chart setup below. They’re based on volatility, or average true range (ATR). Basically, how much that stock tends to move on that chart’s time frame. For determining the trend, when the price is trading above the midpoint (red line) it’s bullish, and below, it’s bearish. When I’m looking for breakouts or reversals on the DAILY chart, I want to see the hourly chart start trading above the midpoint. That’s an early warning signal the trend could change - a Gamma Trigger! I told you in my live sessions last week that we haven’t seen the QQQ this oversold since October of last year. And guess what happened then? The market bottomed out, and the QQQ made a historic rally higher in the months after that. Now, look at how that translated to the daily chart. I got in just before that big bullish pop! Did you notice the change in the color of the red bars on the TTM Squeeze I discussed yesterday? When your indicators start aligning, that’s a really positive sign. Join [Bullseye Trades]( now and start getting the options education that will take you to the next level. [>> Click here for FULL ACCESS <<]( You’ll get my complete game plan every Monday, unlimited access to our training library, the trading ebook “How to Become an Alpha Hunter,” and alerts on trades I make sent directly to your Raging Bull app. All backed by my [IronClad 30-Day Satisfaction]( promise. 👉Tomorrow, I’m we’re going to discuss those odd-looking candles on my chart. They’re called Heikin Ashi candles and they do wonders for helping you filter out the noise of volatility and stay in the trend. Just like super trader Ed Seykota says: “The trend is your friend until the end when it bends.” To your success, P.S. Remember time is running out for the super discount on Jason Bond’s new Small Account Journey! You should call Jeff Brown @ 800-585-4488 or email (jbrown@ragingbull.com) today to lock in the special discount (payment plans are available, too!).  Questions or concerns about our products? Email Support@ragingbull.com © Copyright 2022, RagingBull  DISCLAIMER To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. 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