Only one sector is attempting to show a bullish TEA trend right now on the weekly chart. Two are in a bearish trend. A whopping five are in gray/consolidation. This is great for the neutral trades and very challenging for the directional trades. This is why I have Both strategies working at the same time.
My discretionary trading of the Ratio Iron Condor on RUT is pushing to new highs in YTD P/L and my controlled risk in directional trades is keeping those losses small enough to let the entire account keep working.
I’m leaning bullish because I have valid warnings to do so. The consolidation will eventually break free. If its to the downside — then I’ll have my warnings and I’ll transition to that side of the market. No reason to spend time guessing which it will be.
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Reminder: Tonight at 7PM, the TEA Ratio Iron Course price will increase from $97 to $250. Watch the free intro videos now.