Today was a bloodbath…for some

Alright folks, another bloodbath for the bulls today as as the markets resumed pressure to the downside after holding midday for several hours, we finally barriers, the barriers were finally broken support was broken. And we ended up on its lows. Now ironically, we were able to take a trade to the long side, it was a little bit of a nerve wracking trade. But we had these levels here in NASDAQ. And you can transfer these to the queues of course, I actually traded both Nasdaq futures and the Q’s. So we had these areas right here at around the 1300. We actually had them coming in at around 13 to 50. But we got no confirmation. So then we were looking at the next level, right over here at around the 13 100 level. And this is where I started stepping in nibbling to the long side got long long got long Nasdaq futures, as well as the Q’s via call options, I was very quick thought for a second, we might be able to get a nice runner back up to the opening eyes all the way up here to 13 500. But we quickly gave back those gains chopped around again, until about the last hour of the day. You see we’re pretty much in this range from about 10 to two. And then we finally roll over in close near its lows. And then obviously we had earnings, and Google and other tech names after the bell. Now another nice trade we’re able to grab was the bonds. And this was occurring right around when we were looking to get long the NASDAQ. So they’re fairly correlated, correlated, ie being long stocks, short bonds. So there was a little bit of extra risk there on the table. But we did like to short trade from around 143 of three took that down to next level here at 142 17. traded a little bit lower down to 140 10. Before rebounding back to its origination. So these are the kinds of things that I’m looking at right now going down to the lower timeframes. I do this every day. But especially in times of volatility like this, keeping the cash keeping the powder dry a little bit for the longer swing type positions and focusing on the shorter term. So we can be quick, nimble and out before the market reverses with unpredictable volatility. Now I’m going to be talking about how we trade these levels and most importantly, how we find these levels, how we find them to even begin to think about trading them in my upcoming workshop five rules to trade like the bank showing you exactly how we locate these these hidden tracks that institutions leave or retail traders. I’m a hyperlink to that page, and I look forward to seeing you there.