Sep 2021: QQQ $368 – $369 Bull Call Spread
COMING OUT OF A CORRECTION
During a correction, 2-4 weeks of trades will get absolutely wiped out, but we save so much cash with this trading method that using it strategically will save you from these events which come unannounced and without warnings. All the trades taken during the correction are looking like winners. Here is how the next few weeks look like for our trading group consisting of 1000+ traders.
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Trade Selection Criteria
Overall market movement
Massive drop in the markets and we are nearing the end of a correction.
No Earnings or Significant News
N/A – This is an ETF
Bollinger Bands outside Keltner Channels
Bollinger bands are only slightly outside Keltner Channels but we are at the bottom of our trading range here.
RSI was turning up when I took the trade. Although, It dipped again a few days later
DI- is turning down and DI+ turning up when I put on this trade. These are rare, but amazing setups to trade.
Beginning Account Balance
Ending Account Balance