The Possibilities That Lie Ahead…
Graduations are taking place across the country right now at high schools and colleges as well. It is a time of excitement, a time to look to the future and imagine all the possibilities that lie before you.
After the absolute ridiculous ending to Friday, where we erased 3 down days in 3 hours, the possibilities that lie ahead of us as traders are endless as well. We may catch a break this week with limited data and the FED on time out ahead of FOMC next week.
There are a LOT of longer term charts that are looking very ripe right now. Lots of charts have taken major tumbles over the past few months. So there are many ways that your port can graduate Summa Cum Diamonds!
Let’s get to work
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
GPS
GPS 0.00%↑ with a very strong monthly candle to close out May, and will open tomorrow testing the monthly trendline above. I love the look here for a nice bag this week, and this is what I’m looking at.
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