Tuesday Notes – PivotPoint Fund Buy

Wed 12:45PM Update – Protective stops triggered on this midday.

I’ve attached a real-life example of how we apply the Jellie S&P intraday trading techniques to larger timeframes.

Specifically, the chart reflects Tuesday morning’s PivotPoint Advisors S&P long trade entry, which was triggered on the break of the hourly down channel to continue the underlying day and week bull cycles.

As with any trade, the extent of the move is now up to the market, with the initial reassess point set at a trade below 1340 reflecting a solid low risk/larger reward ratio.

Jellie students will recognize the trigger that reflects our program mantra, “the market can’t go up a lot until it starts going up a little”.

A reminder for those interested that we post weekly technical analysis and portfolio updates each Monday morning in the Briefing Room tab to continue our ongoing mission of industry transparency.