12 28 21 – Read quick post below from 12 15 also on the 2nd chart below I notated where I bought IWM call options. A bit early for sure but the trade worked well, and sold those calls today. Turnaround Tuesday is a real thing, I use it often when you can get a pause in the trend and a reversal. I used it to sell my call options, but still believe we rally into year end, (and into January but very concerned about late January, all notated on charts below).
The idiots at the Fed are meeting today 12/15. This is occurring as the stock market is “freaking out” about those idiots raising rates. The market is ripe for a powerful rally. I bought the market today – my proprietary setup is named below – SPRING SETUP – read notations on chart –
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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