According to IPM Trade Matrix, market is approaching a trade:
When: During IPM Bottom Window
Condition: Next IPM Window should be Top or Bottom
Trade: Long
Trigger: Rally above 1840 (SP500) and above 16550 (DJIA)
Profit Target: 1890
Stop: New low outside of IPM bottom window. EW & Trailing stops will be determined after trade is entered.
Typical IPM Trade Matrix Trade Risk: 1.5%
Risk Reason: Wave 3 down might start. Risk will be mitigated by the stops
Applicable Rule: If next IPM turn window is within 2 weeks then wait for a confirmation break before exiting longs.
When: During IPM Bottom Window
Condition: Next IPM Window should be Top or Bottom
Trade: Long
Trigger: Rally above 1840 (SP500) and above 16550 (DJIA)
Profit Target: 1890
Stop: New low outside of IPM bottom window. EW & Trailing stops will be determined after trade is entered.
Typical IPM Trade Matrix Trade Risk: 1.5%
Risk Reason: Wave 3 down might start. Risk will be mitigated by the stops
Applicable Rule: If next IPM turn window is within 2 weeks then wait for a confirmation break before exiting longs.
No comments:
Post a Comment
I would love to hear from you! Please leave your comment below!!