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All right, folks. So the market continued is volatility coming into today, the s&p has had roughly about 100 point range, as of this recording, still Nestle around that 4300 mark. As you can see here on the charts, I’m looking at an hourly 10 minute and two minute timeframe. And coming into today, we indicated a level right here at around 4288, where it could be an area of interest, ie an area that we will be looking to be a buyer. Now, keep in mind, and I noted our members and students about this, that it has already been a level that’s been touched or breached multiple times. So therefore, it didn’t hold as much significance as it would if it were a first touch. But we had bullish divergence signals coming in here at these levels. And so when we did get to that 4288 level, I became interested and came down to the lower timeframe started looking at the charts here, and I was getting multiple bullish signals. So right here, I established a long position at 4287. And you can see what happened, we went all the way up to 4335. And change. Good for a nice long trade now. Now another way I’ve been playing these markets not only applies the s&p, but other markets is through the use of weekly options, weekly options on the E Mini s&p. So as you may or may not know, there are options listed each week that expire on Friday afternoons on the s&p 30 year bonds, crude oil as well as currencies and other markets. And with the volatility that we’ve seen, it’s really, really inflated the premium now, that is a double edged sword, people get lured to the fact Oh, I see this gigantic premium, they think they can sell it or buy it or whatever. And it can be a dangerous proposition. But as we’re coming into these levels, whether that’s to the downside, or to the upside, I’ve been finding it very lucrative to go out and sell beyond those levels to the upside or sell beyond those levels to the downside. So one thing that I did this morning, as we came down to this level at 40 to 85, I went out and sold the 40 to 50 put options. Now, that was a quite a conservative play I was that was 30 points out of the money heading into a Friday afternoon where I was able to grab five points, five points is of course $250 A contract now you see I closes out for about one point just to go ahead and take that risk off the table. So I added about four points in just a couple of hours for $200 per contract and it can sometimes be the better play rather than trading the outrights in my next video, I’ll show you how I did the same thing in the crude oil market. Now I’ve been invited to speak at the upcoming April wealth 365 summit the week of April 4 through the ninth there’s going to be over 60 plus speakers, presenters, educators, teaching all kinds of trading education giving out free prizes. It’s gonna be a great event seats will fill up fast I know there’s max capacity. So I’m gonna go ahead and link you to this page right here to claim your free ticket and I look forward to seeing you there
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