All right, folks. So we’re wrapping up another day in the markets in other volatile day at that s&p closing down here on its lows, around 4375, down about 95 points or over 2%. So one question I’m starting to get and it’s typical at this time, is when we start to see all this volatility a lot of people start kind of scrambled around their get a little bit worried about what to do with their longer term positions or portfolios. And they start to look for maybe answers or ways or opportunities, perhaps on the lower timeframe ways to generate additional income on the lower timeframes. So I’m gonna show you a tool that I like to use on an intraday basis useful not only for futures, but also for stocks as well. So if you can see here on this 10 minute chart of the E Mini s&p, I’ve got a indicator called the TPI is called the turning point identifier, TPI indicator for short. And what it does is it spots bullish and bearish divergence signals. And you can see that indicated right here. So we have a green bullish divergence signal right here coming in the after market coming in here around 4370. And it’s also plotting these other lines, this is a suggested target once suggested target to and suggested risk. So the way we like to do this, or why I like to try this is once we get that confirmation trendline bright, I can step into this tray with confidence in knowing that I’m also trading here at a key level. So we’re looking at like a 4370 4375 entry with first targets up here at 88. We’ll see how that one plays out. And then just to give you an idea, we didn’t have any other signals on the 10 Minute. Now, of course, if you drill down to say five minute to minute, or even some of the tick charts, which I found very useful, you’ll get you’ll get a lot more opportunities. But this is our last signal we had here around 11:30pm. Last night, get a little trade to the upside. Come into yesterday’s cash close, we had a sell here at around 4470, taking it down to 4450. And then target to here at 4440. So some really nice, chunky moves here, there’s another sell signal back there in the European session. Again, you’re not going to see a ton of signals on the 10 Minute, but you can see them on the lower timeframes. If you wish to find those kinds of opportunities in other markets that are moving very, very fast, quick swift that will provide lots of opportunities intraday, to give you a chance to take some trades is a crude oil. Again, we’re on the 10 Minute, drill down to say the tick charts for the two minute you’ll see a lot of different trade ideas, we have some sell signals come in right here didn’t get get a confirmation close as we rip to the upside, got a little bit of little sell here at 90 to 95 down to 90 to 55 minutes 46 or 40 cents. A contract for $100. You can see we had another sell come in right here by sales or shooting by trades coming in right here. So these kinds of setups happen, you know, all day every day, especially when we’re getting this kind of movement. So it could give give you a little opportunity to get some quick hits while you manage your longer term portfolios. I’m going to be doing a free presentation on Friday, February 18 at 11am. Eastern where we’re going to talk about this exact concept. I’m gonna teach you the exact strategy show you the TPI indicator in action on even more markets, Stocks, Futures, ETFs and more. So I’m gonna link you to this registration page. Click the orange button, bring your tickers and I’ll see you there
Technical damage done
A lot of technical damage done today across the board….however these types of moves can set up some absolutely beautiful trade ideas for the rest