Weekly Stock Charts [Box Theory]

Jonathan Parsons

June 13th 8:30P Update: Nice bounce today. I got long some cheap XLF calls (again) yesterday. Looking for another 100+% gain. Other than that, I'm not doing much. The shorts can't seem to get much traction (yet), so any shorts that I put on are through NADEX for very small day trades. I suspect we're trying to form a right shoulder here and then blast off. We'll see how it goes. June 11th 1:37P: We're bouncing around in a box (range/consolidation/wedge/whatever_you_want_to_call_it) with no trend. We've got weekly blue bars which is neutral (no trend). The easiest trading (for me) is in trending markets with green weekly bars (or red weekly bars). This kind of trendless chop is a good way to lose my gains. So, what to do? You can sit on your hands and preserve cash, go fishing, fix the shed, etc. For my part, I trade much smaller or take a break. I had some cheap XLF calls on last week to play a bounce and that worked nicely (+100%) and I'm playing around with some straddles in NADEX. Other than that, I'm doing very little right here. We'll break the box and start trending soon enough. Good luck out there and may the FORCE index be with you in your trades!

Z - $ SPX0 - Default Style

Z - $NIKK - Default Style

Z - $NYA - Monthly Elder Impulse System, 900

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