Articles

In last week’s Trading Tutors article I highlighted the fact that the SPI200 had managed to run down an equal range to the last significant pullback seen in this current bull cycle. Coming off the top of 3486, the SPI200 had run down 154 points to the 3332 low.

At the end of the Trading week most want to step back and take stock of what has occurred in the week that was. It is also a good time to analyse any positions that you are currently in and ensure that they are running to your plan.

Most of us sell time in some way, whether it be through our employment or own business. In option trading, strategies that involve profiting in part or completely from selling options are also known as selling time.

A few months ago all news was good news, now all news is bad news – no matter how good it may be – how our perspective has changed!

In last week’s article I discussed the power of Pressure Points with an example on the ADJ Sector Index chart. Back in Trading Tutors Issue #46 I outlined how Pressure Points from a recent Double Bottom in the SPI200 were proving extremely influential.