Here’s a quick video to show you the long opportunity that is happening right now in the E-mini S&P market. It’s based on the January Effect, which is a yearly market forecast technique taught by John Paul. This is a follow-up to the recent January Effect videos that describe how you can find great trading opportunities by waiting for “up moves” in the market. Based on the rules, a trading opportunity has presented itself. After reaching a new high, there were multiple days retracing downward. Now the market is turning around and testing where it has been before. John Paul predicts the market will go higher by the end of the year and believes now is a great time to buy. He says you can also go long once price breaks the recent high (2594.50) and closes a point or two above. This activity could happen towards the end of November or sometime in December. Remember, this is all consistent with the rules for the January Effect, as we have explained in other posts.
Speaking of those rules, look at the recent price action. Look at the 100%, 50%, and 0% lines on the chart in the video. The 50% line is the approximate place you could enter for the ride up. If you want intraday confirmation, consider using the Atlas Line software. At around 2:10 into the video, John Paul begins to explain how the Atlas Line can provide an indication of expected market direction. Look at that nice Atlas Line signal to go long right at the close of the 9:55 a.m. EST candle. Price shot up right after.
Remember, you can get the Atlas Line and coaching on all of our strategies by attending the next eight-week Mentorship class. This next class begins Nov. 21, 2017. Training is twice a week. Each class is about an hour long. You receive all courses and software with lifetime licenses. In the training, you can hear John Paul talk and see his charts as he teaches you live. We break the payments into three installments. Click here for details or send us an email at [email protected]