👀 All eyes on NVDA tomorrow night 👀

[RagingBull Elite]( Market Navigator Chat Room OPEN this Wednesday 9am - 10am EST A timely session covering a simple, targeted strategy that can work even in a down market. ⭐[JOIN ROOM HERE](⭐ (COMPLIMENTARY @9am EST) And see why JW’s members RAVE [on TrustPilot](! --------------------------------------------------------------- Happy Wednesday, Jeff Bishop here! I’ve been preaching about an overdue reversal, and boy, did we get it. Since Friday, SPY rallied nearly 2%, and QQQ saw a nice bounce of over 3%. That little pop was all it took for me to make nearly 70% overnight and turn $3650 into over $6100 the very next day as you can see in this screenshot from my actual real-money trading journal… * trading is hard, results not guaranteed. Some will call it magic , but it’s really just a combination of patience to wait for the right trade to setup and then knowing when to pull the trigger on it. I mentioned that I was short-term bullish, but what happens now depends on two key events: NVDA earnings tomorrow night and Powell’s comments at Jackson Hole on Friday. It’s absolutely critical to keep potential market-moving events in mind along with your chart analysis. This helps me manage risk so I don’t get wiped out if the market decides to make a U-turn. I always keep [Alpha Hunter]( subscribers informed about this in the daily emails. ✏️ Numbers I Need: My overall market thesis is still bullish. Based on the trend, the downturn on SPY and QQQ is just a healthy pull-back, not a run-for-the-hills sell-off. I’m usually right on my forecasts. (Otherwise, the [Alpha Hunter]( portfolio wouldn’t be up nearly $14000 in just over a month.) Obviously, I can’t promise you’ll get those results, but I’m confident I can show you the exact process I used to get them. However, I’m being a bit cautious this week with NVDA and Jackson Hole. NVDA’s incredible 18% run since last Monday has been pumping the whole market. Notice how the S&P and NASDAQ mirrored the NVDA sell-off after this morning’s pop. I can’t predict earnings, nor can I read Powell’s mind. So I’m gradually scaling back on my positions. Even if I have to take less profit, I’d rather be less exposed before the market closes tomorrow. It’s all about managing risk. I try not to tie up more than 5% of my capital in any single trade. This lets me sleep at night. Your risk is your decision. However, if trading is stressful and gives you gray hair, you might rethink your position size. ⚡Most Exciting Action: The major advantage of the options selling strategies I teach in Alpha Hunter is that we can play the market in any direction - even flat. Selling options has a much higher win rate than buying, and over time that gives me an edge. I’m still optimistic that this pullback is normal, and we’re going to resume the uptrend. However, I really want to see SPY and QQQ trading above the Keltner midpoint on the daily, right now, that would be around $445 for the SPY as you can see in the chart below… If that happens, I’ll be convinced. However, [Alpha Hunter]( trades work in both directions. If the market is moving up, I’ll sell puts, and if it’s going down, I’ll sell calls. And if it’s flat, I’ll sell both. Whatever it does, I have a plan. ✅Past Alert Update: Here’s a real example of how it works. In a recent trade alert, I noticed that TSLA tripped my Gamma Trigger, and I alerted [Alpha Hunter]( of the trade I was taking. Even though TSLA was in a daily downtrend, the setup was perfect for a bounce. And I was right! I closed it out the next day for a quick 50% gain. This added a tidy $1500 to the [Alpha Hunter]( portfolio (BOOM! 💥). BTW - If you want to see how I’m doing, then [click here]( to see all the trades (open and closed). *trading is hard, results not guaranteed So why didn’t I hold out for more than 50% on this trade? By taking early profits, I maximize my chances of winning. This is my baseline target for all option selling strategies. This is a perfect example of why early profits are best on credit spreads. If I’d held another day, I would have lost as TSLA tumbled back into its downtrend. For buying options, there are a number of ways to set reasonable targets for profit taking. If you’re bullish, you could cash in when: - The stock price reaches a 2 Keltner channel move - The stock price hits an area of established resistance - You reach a predetermined profit percentage (like 25 or 50%) There are lots of ways to set these, but you need to have one in mind BEFORE you place the trade. Don’t let green trades go red. Get your money, you earned it! Lots of folks have been asking me about the TTM Squeeze indicator. I’m a huge fan, so we’ll discuss this soon. To follow EXACTLY what I’m looking at and see which trades I’m making, join [Alpha Hunter]( today. All members get exclusive access to: - The Alpha Chamber - Live analysis, trading, and chat - Detailed Trading Plans - Direct to your inbox every single day - Alpha Pulse E-Book - Learn HOW to sell options the right way - Every trade I take via instant app alerts. And before I forget, the Master of Mean Reversion, Mr. Kenny Glick will be trading live every day from 10:00-11:00 EST. [Click here @10am daily while complimentary access has been extended to us.]( To your success, P.S. Please feel free to reach out to Mr. Jeff Brown any time at [800 585-4488](tel:/+18005854488) or [jbrown@ragingbull.com](mailto:/jbrown@ragingbull.com) and he will find the service that is right for you and answer any questions you might have! 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